Internal Revenue Service Publishes Unused LITHC Carryovers

The Internal Revenue Service (IRS) published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2014. Allocations were provided to 35 qualifying states and Puerto Rico. Revenue Procedure 2014-52 details how $2.59 million of unused LIHTCs were divided among the recipients. California received the largest allocation of $364,756 in LIHTCs. 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:

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

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