IRS Releases Population Estimates for 2017
The IRS recently released Notice 2017-19, which gives the state population figures used in determining LIHTC allocation amounts as well as private activity bond caps. Revenue Procedure 2016-55 specifies that for the year 2017, each state will receive the greater of $2.35 multiplied by the state’s population or $2,710,000.
Section 3.20 of the same Revenue Procedure sets the bond cap as the greater of $100 multiplied by the state’s population or $305,315,000. Compared to last year, Utah saw the greatest population increase and Illinois saw the greatest decrease, in terms of actual numbers of residents. The figures below are taken from the IRS Notice.
Resident Population Figures
- Alabama 4,863,300
- Alaska 741,894
- American Samoa 54,194
- Arizona 6,931,071
- Arkansas 2,988,248
- California 39,250,017
- Colorado 5,540,545
- Connecticut 3,576,452
- Delaware 952,065
- District of Columbia 681,170
- Florida 20,612,439
- Georgia 10,310,371
- Guam 162,742
- Hawaii 1,428,557
- Idaho 1,683,140
- Illinois 12,801,539
- Indiana 6,633,053
- Iowa 3,134,693
- Kansas 2,907,289
- Kentucky 4,436,974
- Louisiana 4,681,666
- Maine 1,331,479
- Maryland 6,016,447
- Massachusetts 6,811,779
- Michigan 9,928,300
- Minnesota 5,519,952
- Mississippi 2,988,726
- Missouri 6,093,000
- Montana 1,042,520
- Nebraska 1,907,116
- Nevada 2,940,058
- New Hampshire 1,334,795
- New Jersey 8,944,469
- New Mexico 2,081,015
- New York 19,745,289
- North Carolina 10,146,788
- North Dakota 757,952
- Northern Mariana Islands 53,467
- Ohio 11,614,373
- Oklahoma 3,923,561
- Oregon 4,093,465
- Pennsylvania 12,784,227
- Puerto Rico 3,411,307
- Rhode Island 1,056,426
- South Carolina 4,961,119
- South Dakota 865,454
- Tennessee 6,651,194
- Texas 27,862,596
- Utah 3,051,217
- Vermont 624,594
- Virginia 8,411,808
- Virgin Islands, U.S. 102,951
- Washington 7,288,000
- West Virginia 1,831,102
- Wisconsin 5,778,708
- Wyoming 585,501