The Internal Revenue Service has released the low-income housing tax credit (LIHTC) and private-activity bond volume caps for 2015.
The amount used to calculate the LIHTC state ceiling will be $2.30 multiplied by the state population, the same as in 2014. However, the small state minimum will increase to $2,680,000 up from $2,635,000 this year, according to Revenue Procedure 2014-61.
The amounts used to calculate the state ceiling for private-activity bonds will be the greater of $100 multiplied by the state population, the same as this year, or $301,515,000 an increase from $296,825,000.
