Internal Revenue Bulletin:  2013-38 

September 16, 2013 

Rev. Proc. 2013-31


SECTION 1. PURPOSE

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 2013.

SECTION 2. BACKGROUND

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 § 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 2013.

SECTION 3. PROCEDURE

The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2013 is as follows:

Qualified State Amount Allocated
Alabama 46,914
Arizona 63,757
California 370,106
Connecticut 34,930
Delaware 8,922
Florida 187,941
Georgia 96,511
Idaho 15,525
Illinois 125,264
Kansas 28,077
Louisiana 44,772
Maryland 57,251
Massachusetts 64,661
Michigan 96,155
Minnesota 52,334
Mississippi 29,040
Nebraska 18,052
New Jersey 86,244
New Mexico 20,290
New York 190,400
North Carolina 94,878
North Dakota 6,807
Ohio 112,314
Oregon 37,937
Pennsylvania 124,177
Rhode Island 10,218
South Dakota 8,108
Texas 253,531
Vermont 6,090
Virginia 79,641
Washington 67,101
West Virginia 18,051

EFFECTIVE DATE

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 2013.

DRAFTING INFORMATION

The principal author of this revenue procedure is Jian H. Grant of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure contact Ms. Grant on (202) 622-3040 (not a toll-free call).


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