Internal Revenue Bulletin:  2012-13 

March 26, 2012 

Notice 2012-22

2012 Calendar Year Resident Population Figures


Table of Contents

This notice advises State and local housing credit agencies that allocate low-income housing tax credits under § 42 of the Internal Revenue Code, and States and other issuers of tax-exempt private activity bonds under § 141, of the population figures to use in calculating: (1) the 2012 calendar year population-based component of the State housing credit ceiling (Credit Ceiling) under § 42(h)(3)(C)(ii); (2) the 2012 calendar year volume cap (Volume Cap) under § 146; and (3) the 2012 volume limit (Volume Limit) under § 142(k)(5).

Generally, § 146(j) requires determining the population figures for the population-based component of both the Credit Ceiling and the Volume Cap for any calendar year 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 the calendar year. Similarly, § 142(k)(5) bases the Volume Limit on the State population.

Sections 42(h)(3)(H) and 146(d)(2) require adjusting for inflation the population-based component of the Credit Ceiling and the Volume Cap. The adjustments for the 2012 calendar year are in Rev. Proc. 2011-52, 2011-45 I.R.B. 701. Section 3.08 of Rev. Proc. 2011-52 provides that, for calendar year 2012, the amount for calculating the Credit Ceiling under § 42(h)(3)(C)(ii) is the greater of $2.20 multiplied by the State population or $2,525,000. Further, section 3.15 of Rev. Proc. 2011-52 provides that the amount for calculating the Volume Cap under § 146(d)(1) for calendar year 2012 is the greater of $95 multiplied by the State population or $284,560,000.

For the 50 states, the District of Columbia, and Puerto Rico, the population figures for calculating the Credit Ceiling, the Volume Cap, and the Volume Limit for the 2012 calendar year are the resident population estimates released electronically by the U.S. Census Bureau on December 21, 2011, in Press Release CB11-215. For American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands, the population figures for the 2012 calendar year are the 2010 population counts released electronically by the U.S. Census Bureau on August 24, 2011, in Press Releases CB11-CN.177, CB11-CN.179, CB11-CN.178, and CB11-CN.180, respectively.

For convenience, these figures are reprinted below.

Resident Population Figures
  Alabama 4,802,740  
  Alaska 722,718  
  American Samoa 55,519  
  Arizona 6,482,505  
  Arkansas 2,937,979  
  California 37,691,912  
  Colorado 5,116,796  
  Connecticut 3,580,709  
  Delaware 907,135  
  District of Columbia 617,996  
  Florida 19,057,542  
  Georgia 9,815,210  
  Guam 159,358  
  Hawaii 1,374,810  
  Idaho 1,584,985  
  Illinois 12,869,257  
  Indiana 6,516,922  
  Iowa 3,062,309  
  Kansas 2,871,238  
  Kentucky 4,369,356  
  Louisiana 4,574,836  
  Maine 1,328,188  
  Maryland 5,828,289  
  Massachusetts 6,587,536  
  Michigan 9,876,187  
  Minnesota 5,344,861  
  Mississippi 2,978,512  
  Missouri 6,010,688  
  Montana 998,199  
  Nebraska 1,842,641  
  Nevada 2,723,322  
  New Hampshire 1,318,194  
  New Jersey 8,821,155  
  New Mexico 2,082,224  
  New York 19,465,197  
  North Carolina 9,656,401  
  North Dakota 683,932  
  Northern Mariana Islands 53,883  
  Ohio 11,544,951  
  Oklahoma 3,791,508  
  Oregon 3,871,859  
  Pennsylvania 12,742,886  
  Puerto Rico 3,706,690  
  Rhode Island 1,051,302  
  South Carolina 4,679,230  
  South Dakota 824,082  
  Tennessee 6,403,353  
  Texas 25,674,681  
  Utah 2,817,222  
  Vermont 626,431  
  Virginia 8,096,604  
  Virgin Islands, U.S. 106,405  
  Washington 6,830,038  
  West Virginia 1,855,364  
  Wisconsin 5,711,767  
  Wyoming 568,158  

The principal authors of this notice are Julie Hanlon Bolton, Office of the Associate Chief Counsel (Passthroughs and Special Industries), and Timothy L. Jones, Office of the Associate Chief Counsel (Financial Institutions and Products). For further information regarding this notice, please contact Ms. Hanlon Bolton at (202) 622-3040 (not a toll-free call).


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