Internal Revenue Bulletin:  2006-11 

March 13, 2006 

Notice 2006-22

2006 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 2006 calendar year population-based component of the state housing credit ceiling (Credit Ceiling) under § 42(h)(3)(C)(ii), the 2006 calendar year volume cap (Volume Cap) under § 146, and the 2006 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 U.S. Census Bureau 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 2006 calendar year were published in Rev. Proc. 2005-70, 2005-47 I.R.B. 979. Section 3.07 of Rev. Proc. 2005-70 provides that, for calendar year 2006, the amounts used under § 42(h)(3)(C)(ii) to calculate the Credit Ceiling is the greater of $1.90 multiplied by the State population (see the resident population figures provided below) or $2,190,000. Further, section 3.15 of Rev. Proc. 2005-70 provides that the amounts used under § 146(d)(1) to calculate the Volume Cap for calendar year 2006 is the greater of $80 multiplied by the State population (see the resident population figures provided below) or $246,610,000.

The proper population figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the 2006 calendar year are the estimates of the resident population of the 50 states, the District of Columbia, and Puerto Rico released by the U.S. Census Bureau on December 22, 2005, in Press Release CB05-187. The proper population figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the 2006 calendar year for the insular areas (American Samoa, Guam, Northern Mariana Islands, and U.S. Virgin Islands) are the figures released electronically by the U.S. Census Bureau on July 17, 2003, and referenced in Census Bureau Tip Sheet TP03-16, dated August 8, 2003. For convenience, these estimates are reprinted below.

Resident Population Figures
  Alabama 4,557,808  
  Alaska 663,661  
  American Samoa 57,881  
  Arizona 5,939,292  
  Arkansas 2,779,154  
       
  California 36,132,147  
  Colorado 4,665,177  
  Connecticut 3,510,297  
       
  Delaware 843,524  
  D.C. 550,521  
       
  Florida 17,789,864  
       
  Georgia 9,072,576  
  Guam 168,564  
       
  Hawaii 1,275,194  
       
  Idaho 1,429,096  
  Illinois 12,763,371  
  Indiana 6,271,973  
  Iowa 2,966,334  
       
  Kansas 2,744,687  
  Kentucky 4,173,405  
       
  Louisiana 4,523,628  
       
  Maine 1,321,505  
  Maryland 5,600,388  
  Massachusetts 6,398,743  
  Michigan 10,120,860  
  Minnesota 5,132,799  
  Mississippi 2,921,088  
  Missouri 5,800,310  
  Montana 935,670  
       
  Nebraska 1,758,787  
  Nevada 2,414,807  
  New Hampshire 1,309,940  
  New Jersey 8,717,925  
  New Mexico 1,928,384  
  New York 19,254,630  
  North Carolina 8,683,242  
  North Dakota 636,677  
  Northern Mariana Islands 80,362  
       
  Ohio 11,464,042  
  Oklahoma 3,547,884  
  Oregon 3,641,056  
       
  Pennsylvania 12,429,616  
  Puerto Rico 3,912,054  
       
  Rhode Island 1,076,189  
       
  South Carolina 4,255,083  
  South Dakota 775,933  
       
  Tennessee 5,962,959  
  Texas 22,859,968  
       
  U.S. Virgin Islands 108,708  
  Utah 2,469,585  
       
  Vermont 623,050  
  Virginia 7,567,465  
       
  Washington 6,287,759  
  West Virginia 1,816,856  
  Wisconsin 5,536,201  
  Wyoming 509,294  

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 (202) 622-3040 (not a toll-free call).


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