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Internal Revenue Bulletin:  2014-38 

September 15, 2014 

Rev. Proc. 2014–52


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 2014.


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 2014.


The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2014 is as follows:

Qualified State Amount Allocated
 Alabama 45,996
 Arizona 63,056
 California 364,756
 Delaware 8,809
 Florida 186,057
 Georgia 95,081
 Idaho 15,340
 Illinois 122,581
 Kentucky 41,824
 Louisiana 44,014
 Maine 12,640
 Maryland 56,416
 Massachusetts 63,686
 Michigan 94,163
 Minnesota 51,578
 Nebraska 17,780
 Nevada 26,550
 New Hampshire 12,593
 New Jersey 84,682
 New York 186,992
 North Carolina 93,710
 North Dakota 6,884
 Ohio 110,103
 Oklahoma 36,640
 Oregon 37,397
 Pennsylvania 121,550
 Puerto Rico 34,400
 Rhode Island 10,006
 South Dakota 8,040
 Tennessee 61,813
 Texas 251,670
 Vermont 5,963
 Virginia 78,603
 Washington 66,337
 West Virginia 17,645
 Wisconsin 54,645


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 2014.


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) 317-4137 (not a toll-free number).

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