The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014. For 2014, the amount used to calculate the State housing credit ceiling for the LIHTC is the greater of $2.30 multiplied by the State population, or $2,635,000. In addition, the volume cap for private activity bonds is the greater of $100 multiplied by the State population, or $296,825,000.
Estimated Credit Authority by State for 2014:
| Alabama |
$11,090,653 |
|
Alaska |
$2,635,000 |
|
American Samoa |
$2,635,000 |
|
Arizona |
$15,072,487 |
|
Arkansas |
$6,783,001 |
|
California |
$87,495,289 |
|
Colorado |
$11,931,439 |
|
Connecticut |
$8,257,798 |
|
Delaware |
$2,635,000 |
|
District of Columbia |
$2,635,000 |
|
Florida |
$44,430,406 |
|
Georgia |
$22,815,874 |
|
Guam |
$2,635,000 |
|
Hawaii |
$3,202,320 |
|
Idaho |
$3,670,174 |
|
Illinois |
$29,613,087 |
|
Indiana |
$15,035,868 |
|
Iowa |
$7,070,628 |
|
Kansas |
$6,637,582 |
|
Kentucky |
$10,074,955 |
|
Louisiana |
$10,584,354 |
|
Maine |
$3,057,142 |
|
Maryland |
$13,534,495 |
|
Massachusetts |
$15,286,131 |
|
Michigan |
$22,731,728 |
|
Minnesota |
$12,372,020 |
|
Mississippi |
$6,865,330 |
|
Missouri |
$13,850,572 |
|
Montana |
$2,635,000 |
|
Nebraska |
$4,267,708 |
|
Nevada |
$6,345,541 |
|
New Hampshire |
$3,037,651 |
|
New Jersey |
$20,388,557 |
|
New Mexico |
$4,796,737 |
|
New York |
$45,011,600 |
|
North Carolina |
$22,429,768 |
|
North Dakota |
$2,635,000 |
|
Northern Mariana Islands |
$2,635,000 |
|
Ohio |
$26,551,718 |
|
Oklahoma |
$8,774,086 |
|
Oregon |
$8,968,512 |
|
Pennsylvania |
$29,356,133 |
|
Puerto Rico |
$8,434,293 |
|
Rhode Island |
$2,635,000 |
|
South Carolina |
$10,864,563 |
|
South Dakota |
$2,635,000 |
|
Tennessee |
$14,849,359 |
|
Texas |
$59,936,167 |
|
Utah |
$6,567,160 |
|
Vermont |
$2,635,000 |
|
Virginia |
$18,827,494 |
|
Virgin Islands, U.S. |
$2,635,000 |
|
Washington |
$15,863,128 |
|
West Virginia |
$4,267,450 |
|
Wisconsin |
$13,170,715 |
|
Wyoming |
$2,635,000 |
