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26 CFR 601.602: Tax forms and instructions. (Also Part I, §§ 42, 55.)

Rev. Proc. 2018-22

SECTION 1. PURPOSE This revenue procedure modifies and supersedes section 3.08 of Rev. Proc. 2018-18, 2018-10 I.R.B. 392, to reflect the statutory amendment by section 102, of Division T, of the Consolidated Appropriations Act, 2018, P.L. 115-141 (H.R. 1625) to increase the state housing credit ceiling. This revenue procedure also modifies and supersedes section 3.10 of Rev. Proc. 2018-18 to correct the alternative minimum tax phaseout threshold amount for estates and trusts. SECTION 2. MODIFICATION OF SECTION 3.08 and SECTION 3.10 OF REV. PROC. 2018-18 Section 3.08 of Rev. Proc. 2018-18 is modified and superseded to read as follows: .08 Low-Income Housing Credit. For calendar year 2018, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $2.70 multiplied by the State population, or (2) $3,105,000. Section 3.10 of Rev. Proc. 2018-18 is modified and superseded to read as follows: