On October 20, the IRS published Revenue Procedure 2017-58 indicating the 2018 inflation adjustments for various tax provisions, including the Housing Credit and the private-activity tax-exempt bond volume caps.
In 2018, each state’s credit cap will be $2.40 per capita or $2,765,000 for the small state minimum. The 2018 private activity bond volume cap provides $105 per capita or the small state minimum of $311,375,000.