Internal Revenue Bulletin:  2004-34 

August 23, 2004 

Rev. Proc. 2004-52


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 2004.


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 2004.


The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2004 is as follows:

Qualified State Amount Allocated
Alabama $116,460
Arizona 144,407
California 918,183
Florida 440,379
Georgia 224,723
Idaho 35,355
Illinois 327,419
Indiana 160,316
Kansas 70,473
Kentucky 106,551
Maine 33,787
Maryland 142,547
Massachusetts 166,469
Minnesota 130,915
Mississippi 74,555
Missouri 147,607
Nebraska 45,005
New Hampshire 33,320
New Jersey 223,524
New York 496,557
North Carolina 217,543
Ohio 295,909
Oregon 92,107
South Carolina 107,310
Tennessee 151,159
Texas 572,331
Utah 60,846
Vermont 16,020
Virginia 191,126
Washington 158,655
West Virginia 46,844
Wisconsin 141,599


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 2004.


The principal author of this revenue procedure is Christopher J. Wilson of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure, contact Mr. Wilson at (808) 539-2874 or Susan Reaman at (202) 622-3040 (not toll-free calls).

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