The Internal Revenue Service (IRS) published the 2019 state caps for the Low Income Housing Tax Credit (LIHTC) and Private Activity Bonds (PAB) in Revenue Procedure 2018-57. The LIHTC is the greater of $2.75625 times the state population or a minimum of $3,166,875. The PAB volume cap is the greater of $105 times the state population or a minimum of $316,745,000.
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