The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states. The unused LIHTC carryover amount allocated from the National Pool by the Secretary to each qualified state for 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 LIHTCS is allocations in calendar year 2012.
Click here to read Revenue Procedure 2012-42.
