IRS Sets 2023 Housing Credit Per-Capita Multiplier, PAB, and Small-State Minimums; Allocates $5.4 Million to Unused Pool
With the release of two Revenue Procedures, the IRS sets the per-capita multiplier for nine percent LIHTCs ($2.75) and the small state minimum ($3,185,000), as well as the private bond multiplier ($120) and the small state minimum ($358,845,000) (Revenue Procedure 2022-38). The increases, which are tied to inflation, represent some of the highest amounts for…