The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013. For 2013, the amount used to calculate the State housing credit ceiling for the LIHTC is the greater of $2.25 multiplied by the State population, or $2,590,000. In addition, the volume cap for private activity bonds is the greater of $95 multiplied by the State population, or $291,875,000. These rates will be published in Internal Revenue Bulletin 2012-45 on November 5, 2012.
Estimated Credit Authority by State for 2013:
|
State |
Estimated 2013 LIHTC Authority |
|
Alabama |
$10,806,165 |
|
Alaska |
$2,590,000 |
|
Arizona |
$14,585,636 |
|
Arkansas |
$6,610,452 |
|
California |
$84,806,802 |
|
Colorado |
$11,512,791 |
|
Connecticut |
$8,056,595 |
|
Delaware |
$2,590,000 |
|
District of Columbia |
$2,590,000 |
|
Florida |
$42,879,470 |
|
Georgia |
$22,084,223 |
|
Hawaii |
$3,093,323 |
|
Idaho |
$3,566,216 |
|
Illinois |
$28,955,828 |
|
Indiana |
$14,663,075 |
|
Iowa |
$6,890,195 |
|
Kansas |
$6,460,286 |
|
Kentucky |
$9,831,051 |
|
Louisiana |
$10,293,381 |
|
Maine |
$2,988,423 |
|
Maryland |
$13,113,650 |
|
Massachusetts |
$14,821,956 |
|
Michigan |
$22,221,421 |
|
Minnesota |
$12,025,937 |
|
Mississippi |
$6,701,652 |
|
Missouri |
$13,524,048 |
|
Montana |
$2,590,000 |
|
Nebraska |
$4,145,942 |
|
Nevada |
$6,127,475 |
|
New Hampshire |
$2,965,937 |
|
New Jersey |
$19,847,599 |
|
New Mexico |
$4,685,004 |
|
New York |
$43,796,693 |
|
North Carolina |
$21,726,902 |
|
North Dakota |
$2,590,000 |
|
Ohio |
$25,976,140 |
|
Oklahoma |
$8,530,893 |
|
Oregon |
$8,711,683 |
|
Pennsylvania |
$28,671,494 |
|
Rhode Island |
$2,590,000 |
|
South Carolina |
$10,528,268 |
|
South Dakota |
$2,590,000 |
|
Tennessee |
$14,407,544 |
|
Texas |
$57,768,032 |
|
Utah |
$6,338,750 |
|
Vermont |
$2,590,000 |
|
Virginia |
$18,217,359 |
|
Washington |
$15,367,586 |
|
West Virginia |
$4,174,569 |
|
Wisconsin |
$12,851,476 |
|
Wyoming |
$2,590,000 |
Click here to read Revenue Procedure 2012-41.
