NEWS HEADLINES

2011 LIHTC and Bond Cap Increases Announced

The Internal Revenue Service announced that the state housing credit ceiling for the low-income housing tax credit in 2011will increase to $2.15 multiplied by the state population. The small state minimum will be $2,465,000.

This inflation-adjusted boost is a change from $2.10 and $2,430,000 this year.

In 2011, the private-activity bond cap will be the greater of $95 multiplied by the state population or $277,820,000.

This is an increase from this year’s $90 and $273,775,000.

The amounts were announced in Revenue Procedure 2010-40.