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