Internal Revenue Bulletin:  2005-8 

February 22, 2005 

Notice 2005-16

2005 Calendar Year Resident Population Estimates


Table of Contents

This notice informs (1) state and local housing credit agencies that allocate low-income housing tax credits under § 42 of the Internal Revenue Code and (2) states and other issuers of tax-exempt private activity bonds under § 141, of the proper population figures to be used for calculating the 2005 calendar year population-based component of the state housing credit ceiling (Credit Ceiling) under § 42(h)(3)(C)(ii), the 2005 calendar year volume cap (Volume Cap) under § 146, and the 2005 volume limit (Volume Limit) under § 142(k)(5).

The population figures both for the population-based component of the Credit Ceiling and for the Volume Cap are determined by reference to § 146(j). That section provides generally that determinations of population for any calendar year are made on the basis of the most recent census estimate of the resident population of a state (or issuing authority) released by the Bureau of the Census before the beginning of such calendar year. Section 142(k)(5) provides that the Volume Limit is based on the State population.

The population-based component of the Credit Ceiling and the Volume Cap are adjusted for inflation pursuant to §§ 42(h)(3)(H) and 146(d)(2), respectively. The adjustments for the 2005 calendar year were published in Rev. Proc. 2004-71, 2004-50 I.R.B. 970. Section 3.07 of Rev. Proc. 2004-71 provides that, for calendar years beginning in 2005, the amounts used under § 42(h)(3)(C)(ii) to calculate the Credit Ceiling is the greater of $1.85 multiplied by the State population (see the resident population figures provided below) or $2,125,000. Further, section 3.15 of Rev. Proc. 2004-71 provides that the amounts used under § 146(d)(1) to calculate the Volume Cap for calendar year 2005 is the greater of $80 multiplied by the State population (see the resident population figures provided below) or $239,180,000.

The proper population figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the 2005 calendar year are the estimates of the resident population of the 50 states, the District of Columbia, and Puerto Rico released by the Bureau of the Census on December 22, 2004, in Press Release CB04-246. The proper population figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the 2005 calendar year for the insular areas (American Samoa, Guam, Northern Mariana Islands, and U.S. Virgin Islands) are the figures released electronically by the Bureau of the Census on July 17, 2003, and referenced in Census Bureau Tip Sheet TP03-14, dated July 11, 2003. For convenience, these estimates are reprinted below.

Resident Population Figures
  Alabama 4,530,182  
  Alaska 655,435  
  American Samoa 57,902  
  Arizona 5,743,834  
  Arkansas 2,752,629  
       
  California 35,893,799  
  Colorado 4,601,403  
  Connecticut 3,503,604  
       
  Delaware 830,364  
  D.C. 553,523  
       
  Florida 17,397,161  
       
  Georgia 8,829,383  
  Guam 166,090  
       
  Hawai 1,262,840  
       
  Idaho 1,393,262  
  Illinois 12,713,634  
  Indiana 6,237,569  
  Iowa 2,954,451  
       
  Kansas 2,735,502  
  Kentucky 4,145,922  
       
  Louisiana 4,515,770  
       
  Maine 1,317,253  
  Maryland 5,558,058  
  Massachusetts 6,416,505  
  Michigan 10,112,620  
  Minnesota 5,100,958  
  Mississippi 2,902,966  
  Missouri 5,754,618  
  Montana 926,865  
       
  Nebraska 1,747,214  
  Nevada 2,334,771  
  New Hampshire 1,299,500  
  New Jersey 8,698,879  
  New Mexico 1,903,289  
  New York 19,227,088  
  North Carolina 8,541,221  
  North Dakota 634,366  
  Northern Mariana Islands 78,252  
       
  Ohio 11,459,011  
  Oklahoma 3,523,553  
  Oregon 3,594,586  
       
  Pennsylvania 12,406,292  
  Puerto Rico 3,894,855  
       
  Rhode Island 1,080,632  
       
  South Carolina 4,198,068  
  South Dakota 770,883  
       
  Tennessee 5,900,962  
  Texas 22,490,022  
       
  U.S. Virgin Islands 108,775  
  Utah 2,389,039  
  Vermont 621,394  
  Virginia 7,459,827  
       
  Washington 6,203,788  
  West Virginia 1,815,354  
  Wisconsin 5,509,026  
  Wyoming 506,529  

The principal authors of this notice are Christopher J. Wilson, Office of the Associate Chief Counsel (Passthroughs and Special Industries) and Timothy L. Jones, Office of the Division Counsel/Associate Chief Counsel (Tax-Exempt and Government Entities). For further information regarding this notice, contact Mr. Wilson at (808) 539-2874 or Susan Reaman at (202) 622-3040 (not toll-free calls).


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