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Internal Revenue Bulletin:  2007-33 

August 13, 2007 

Rev. Proc. 2007-55


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 2007.


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 2007.


The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2007 is as follows:

Qualified State Amount Allocated
Alabama $ 107,371
Alaska 15,643
Arizona 143,961
California 851,151
Connecticut 81,825
Delaware 19,926
Florida 422,333
Georgia 218,614
Illinois 299,580
Indiana 147,398
Kansas 64,531
Kentucky 98,197
Maine 30,854
Maryland 131,107
Massachusetts 150,285
Michigan 235,697
Minnesota 120,633
Missouri 136,406
Nebraska 41,284
New Hampshire 30,698
New Jersey 203,687
New Mexico 45,633
New York 450,729
North Carolina 206,767
North Dakota 14,845
Ohio 267,970
Oklahoma 83,562
Oregon 86,399
Pennsylvania 290,443
Rhode Island 24,925
South Carolina 100,885
South Dakota 18,255
Tennessee 140,984
Texas 548,821
Utah 59,535
Vermont 14,566
Virginia 178,434
Washington 149,319
Wisconsin 129,724
Wyoming 12,023


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 2007.


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

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