Internal Revenue Bulletin:  2012-46 

November 13, 2012 

Rev. Proc. 2012-42


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 2012.


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 2012.


The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2012 is as follows:

Qualified State Amount Allocated
Alabama 46,444
Arizona 62,688
California 364,494
Connecticut 34,627
Delaware 8,772
Georgia 94,916
Idaho 15,327
Illinois 124,450
Kansas 27,766
Kentucky 42,253
Louisiana 44,240
Maine 12,844
Maryland 56,362
Massachusetts 63,704
Michigan 95,506
Minnesota 51,686
Nebraska 17,819
Nevada 26,335
New Jersey 85,304
New Mexico 20,136
New York 188,235
North Carolina 93,381
Ohio 111,644
Oregon 37,442
Pennsylvania 123,228
Puerto Rico 35,845
Rhode Island 10,166
South Carolina 45,250
South Dakota 7,969
Texas 248,283
Utah 27,244
Vermont 6,058
Virginia 78,297
Washington 66,049
Wisconsin 55,235


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 2012.


The principal author of this revenue procedure is Julie Hanlon-Bolton of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure, contact Ms. Hanlon-Bolton at (202) 622-3040 (not a toll-free call).

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