We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Recently, the IRS issued Notice 2013-15, advising state and local housing credit agencies that allocate low-income housing tax credits of the population figures to use in calculating tax credit ceilings and tax-exempt private activity bond caps. This year, each state's low-income housing tax credit ceiling is equal to the greater of $2.25 multiplied by the state population or $2,590,000. And a state's tax-exempt bond volume cap will be the greater of $95 multiplied by the state population or $291,875,000.
