The per capita multiplier for low-income housing tax credits (LIHTCs) will reach a new high in 2027.
The state ceiling will be the greater of $3.53 multiplied by the state population or $4,082,400, announced the Internal Revenue Service (IRS).
This is an increase of 11 cents to the per capita multiplier and about a $128,800 increase to the small-state minimum.
In Revenue Procedure 2026-35, the IRS also reported that the state ceiling for the private-activity bonds (PAB) will be the greater of $135 multiplied by the state population or $410,520,000 next year.
This means the per capita multiplier for PABs will be the same, but the small-state minimum will increase about $12.89 million over this year.