Menu
Tax Notes logo

IRS Lists Unused Housing Credit Carryovers.

SEP. 11, 2000

Rev. Proc. 2000-36; 2000-2 C.B. 267

DATED SEP. 11, 2000
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    low-income housing, credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2000-23485 (1 original page)
  • Tax Analysts Electronic Citation
    2000 TNT 176-14
Citations: Rev. Proc. 2000-36; 2000-2 C.B. 267

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).

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    low-income housing, credit
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2000-23485 (1 original page)
  • Tax Analysts Electronic Citation
    2000 TNT 176-14
Copy RID