The Internal Revenue Service (IRS) today released its 2012 Calendar Year Resident Population Estimates. These figures are used to determine states’ 2012 low-income housing tax credit (LIHTC) ceilings and tax-exempt private activity bond caps. Each state’s LIHTC ceiling in 2012 is equal to the greater of $2.20 multiplied by the state population or $2,525,000; a state’s tax-exempt bond volume cap will be the greater of $95 multiplied by the state population or $284,560,000.
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