The amount used to calculate the low-income housing tax credit (LIHTC) ceiling in 2013 will be the greater of $2.25 multiplied by the state population or $2,590,000, reported the Internal Revenue Service.
That’s an increase from this year’s $2.20 multiplier and small state minimum of $2,525,000.
The private-activity bond volume cap will be the greater of $95 multiplied by the state population or $291,875,000 in 2013, according to Revenue Procedure 2012-41.
This year’s bond cap is the greater of $95 multiplied by the state population or $284,560,000.
