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Internal Revenue Bulletin:  2014-20 

May 12, 2014 

ADMINISTRATIVE


Table of Contents

Rev. Proc. 2014–31Rev. Proc. 2014–31

This procedure provides issuers of qualified mortgage bonds (QMBs) and qualified mortgage credit certificates (MCCs) with average area purchase price safe harbors for statistical areas in the United States and with a nationwide average purchase price for residences in the United States for purposes of the QMB rules under section 143 of the Code and the MCC rules under section 25. Rev. Proc. 2013–28 is obsolete except as provided in section 6 of this revenue procedure.


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