n-18-45.pdf

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Part III - Administrative, Procedural and Miscellaneous

2018 Calendar Year Resident Population Figures

Notice 2018-45

This notice advises State and local housing credit agencies that allocate low-
income housing tax credits under § 42 of the Internal Revenue Code, and States and
other issuers of tax-exempt private activity bonds under § 141, of the population figures
to use in calculating: (1) the 2018 calendar year population-based component of the
State housing credit ceiling (Credit Ceiling) under § 42(h)(3)(C)(ii); (2) the 2018
calendar year volume cap (Volume Cap) under § 146; and (3) the 2018 volume limit
(Volume Limit) under § 142(k)(5).
Generally, § 146(j) requires determining the population figures for the population-
based component of both the Credit Ceiling and the Volume Cap for any calendar year
on the basis of the most recent census estimate of the resident population of a State (or
issuing authority) released by the U.S. Census Bureau before the beginning of the
calendar year. Similarly, § 142(k)(5) bases the Volume Limit on the State population.
Sections 42(h)(3)(H) and 146(d)(2) require adjusting for inflation the population-
based component of the Credit Ceiling and the Volume Cap. The Credit Ceiling
adjustment for the 2018 calendar year is in Rev. Proc. 2018-22, 2018-18 I.R.B. 524.
Section 2 of Rev. Proc. 2018-22 modifies and supersedes section 3.08 of Rev. Proc.

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2018-18, 2018-10 I.R.B. 392, and provides that, for calendar year 2018, the amount for
calculating the Credit Ceiling under § 42(h)(3)(C)(ii) is the greater of $2.70 multiplied by
the State population, or $3,105,000. Further, section 3.20 of Rev. Proc. 2018-18
remains unchanged and provides that the amount for calculating the Volume Cap under
§ 146(d)(1) for calendar year 2018 is the greater of $105 multiplied by the State
population, or $310,710,000.
For the 50 states, the District of Columbia, and Puerto Rico, the population
figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the
2018 calendar year are the resident population estimates released electronically by the
U.S. Census Bureau on December 20, 2017, and described in Press Release CB17-
210. For American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin
Islands, the population figures for the 2018 calendar year are the 2017 midyear
population figures in the U.S. Census Bureau’s International Data Base (IDB). The
U.S. Census Bureau electronically announced an update of the IDB on August 17,
2017, in Press Release CB17-TPS.64.
For convenience, these figures are reprinted below.
Resident Population Figures
Alabama 4,874,747
Alaska 739,795
American Samoa 51,504
Arizona 7,016,270

Arkansas 3,004,279

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California 39,536,653

Colorado 5,607,154

Connecticut 3,588,184

Delaware 961,939

District of Columbia 693,972

Florida 20,984,400

Georgia 10,429,379

Guam 167,358

Hawaii 1,427,538

Idaho 1,716,943

Illinois 12,802,023

Indiana 6,666,818

Iowa 3,145,711

Kansas 2,913,123

Kentucky 4,454,189

Louisiana 4,684,333

Maine 1,335,907

Maryland 6,052,177

Massachusetts 6,859,819

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Michigan 9,962,311

Minnesota 5,576,606

Mississippi 2,984,100

Missouri 6,113,532

Montana 1,050,493

Nebraska 1,920,076

Nevada 2,998,039

New Hampshire 1,342,795

New Jersey 9,005,644

New Mexico 2,088,070

New York 19,849,399

North Carolina 10,273,419

North Dakota 755.393

Northern Mariana Islands 52,263

Ohio 11,658,609

Oklahoma 3,930,864

Oregon 4,142,776

Pennsylvania 12,805,537

Puerto Rico 3,337,177

Rhode Island 1,059,639

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South Carolina 5,024,369

South Dakota 869,666

Tennessee 6,715,984

Texas 28,304,596

Utah 3,101,833

Vermont 623,657

Virginia 8,470,020

Virgin Islands, U.S. 107,268

Washington 7,405,743

West Virginia 1,815,857

Wisconsin 5,795,483

Wyoming 579,315

The principal authors of this notice are James A. Holmes, Office of the Associate
Chief Counsel (Passthroughs and Special Industries), and Timothy L. Jones, Office of
the Associate Chief Counsel (Financial Institutions and Products). For further
information regarding this notice, please contact Mr. Holmes at (202) 317-4137 (not a
toll-free call).