This revenue procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under § 42(h)(3)(D) of the Internal Revenue Code for calendar year 2021.
Rev. Proc. 2019-45, 2019-48 I.R.B. 524, provides guidance to state housing credit agencies of qualified states on the procedure for requesting an allocation of unused housing credit carryovers under § 42(h)(3)(D). 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) is published by the Internal Revenue Service in the Internal Revenue Bulletin. This revenue procedure publishes these amounts for calendar year 2021.
The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2021 is as follows:
| Qualified State | Amount Allocated |
|---|---|
| Alabama | 169,738 |
| Arkansas | 104,519 |
| California | 1,357,757 |
| Connecticut | 122,677 |
| Delaware | 34,034 |
| Florida | 749,555 |
| Georgia | 369,375 |
| Idaho | 63,008 |
| Indiana | 232,970 |
| Kentucky | 154,415 |
| Maryland | 208,857 |
| Massachusetts | 237,751 |
| Michigan | 343,734 |
| Minnesota | 195,115 |
| Nebraska | 66,824 |
| New Jersey | 306,342 |
| New Mexico | 72,644 |
| New York | 666,902 |
| Oklahoma | 137,292 |
| Pennsylvania | 440,879 |
| Rhode Island | 36,459 |
| South Dakota | 30,789 |
| Texas | 1,012,617 |
| Utah | 112,084 |
| Vermont | 21,498 |
| Virginia | 296,278 |
| Washington | 265,343 |
| West Virginia | 61,555 |
| Wisconsin | 201,161 |
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 2021.
The principal author of this revenue procedure is YoungNa Lee of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure, contact Ms. Lee at (202) 317-4137 (not a toll-free number).
26 CFR 1.42-14. Allocation rules for post-1989 State housing credit ceiling amounts.
Guidance is provided to state housing credit agencies of qualified states that request an allocation of unused housing credit carryover under section 42(h)(3)(D) of the Internal Revenue Code. See Rev. Proc. 2021-44
The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.