IRS Lists Unused Housing Credit Carryovers.
Rev. Proc. 2000-36; 2000-2 C.B. 267
- Institutional AuthorsInternal Revenue Service
- Code Sections
- Subject Area/Tax Topics
- Index Termslow-income housing, credit
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2000-23485 (1 original page)
- Tax Analysts Electronic Citation2000 TNT 176-14
Rev. Proc. 2000-36
SECTION 1. PURPOSE
[1] This revenue procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under section 42(h)(3)(D) of the Internal Revenue Code for calendar year 2000.
SECTION 2. BACKGROUND
[2] Rev. Proc. 92-31, 1992-1 C.B. 775, provides guidance to state housing credit agencies of qualified states on the procedure for requesting an allocation of unused housing credit carryovers under section 42(h)(3)(D). Section 4.06 of Rev. Proc. 92-31 provides that the Internal Revenue Service will publish in the Internal Revenue Bulletin the amount of unused housing credit carryovers allocated to qualified states for a calendar year from a national pool of unused credit authority (the National Pool). This revenue procedure publishes these amounts for calendar year 2000.
SECTION 3. PROCEDURE
[3] The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2000 is as follows:
Qualified State Amount Allocated
________________ _________________
Alabama $21,268
Alaska 3,015
Arizona 23,256
California 161,319
Colorado 19,741
Delaware 3,668
Florida 73,547
Georgia 37,906
Idaho 6,092
Illinois 59,030
Indiana 28,924
Iowa 13,966
Kansas 12,917
Maryland 25,171
Massachusetts 30,055
Michigan 48,008
Minnesota 23,243
Mississippi 13,475
Missouri 26,615
Nebraska 8,109
Nevada 8,806
New Hampshire 5,846
New Jersey 39,635
New York 88,564
North Carolina 37,237
Ohio 54,787
Oregon 16,140
Pennsylvania 58,376
Puerto Rico 18,930
Rhode Island 4,822
Tennessee 26,689
Texas 97,556
Utah 10,366
Vermont 2,890
Virginia 33,451
West Virginia 8,794
Wisconsin 25,554
SECTION 4. EFFECTIVE DATE
[4] This revenue procedure is effective for allocations of housing credit dollar amounts attributable to the National Pool component of a qualified state's housing credit ceiling for calendar year 2000.
DRAFTING INFORMATION
[5] The principal author of this revenue procedure is Christopher J. Wilson of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure, contact Mr. Wilson at (202) 622- 3040 (not a toll-free call).
- Institutional AuthorsInternal Revenue Service
- Code Sections
- Subject Area/Tax Topics
- Index Termslow-income housing, credit
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2000-23485 (1 original page)
- Tax Analysts Electronic Citation2000 TNT 176-14