Part III. Administrative, Procedural, and Miscellaneous

Montana 880,453 Nebraska 1,662,719 Nevada 1,746,898 New Hampshire 1,185,048 New Jersey 8,115,011 New Mexico 1,736,931 New York 18,175,301 North Carolina 7,546,493 North Dakota 638,244 Ohio 11,209,493 Oklahoma 3,346,713 Oregon 3,281,974 Pennsylvania 12,001,451 Rhode Island 988,480 South Carolina 3,835,962 South Dakota 738,171 Tennessee 5,430,621 Texas 19,759,614 Utah 2,099,758 Vermont 590,883 Virginia 6,791,345 Washington 5,689,263 West Virginia 1,811,156 Wisconsin 5,223,500 Wyoming 480,907 The principal authors of this notice are Christopher J. Wilson of the Office of Assistant Chief Counsel (Passthroughs and Special Industries) and Timothy L. Jones of the Office of Assistant Chief Counsel (Financial Institutions and Products). For further information regarding this notice contact Mr. Wilson on (202) 622-3040 (not a toll-free call).

Low-Income Housing Tax Credit—1999 Calendar Year Resident Population Estimates

Notice 99–10

This notice informs (1) state and local housing credit agencies that allocate lowincome housing tax credits under § 42 of the Internal Revenue Code and (2) states and other issuers of tax-exempt private activity bonds under § 141, of the proper population figures to be used for calculating the 1999 calendar year populationbased component of the state housing credit ceiling (Credit Ceiling) under § 42(h)(3)(C)(i) and the 1999 calendar year volume cap (Volume Cap) under § 146.

The population figures both for the population-based component of the Credit Ceiling and for the Volume Cap are determined by reference to § 146(j). That section provides generally that determinations of population for any calendar year are made on the basis of the most recent census estimate of the resident population of a state (or issuing authority) released by the Bureau of the Census before the beginning of such calendar year.

The proper population figures for calculating the Credit Ceiling and the Volume Cap for the 1999 calendar year are the estimates of the resident population of states for July 1, 1998, released by the

Bureau of the Census on December 31, 1998, in press release CB98–242. For convenience, these estimates are reprinted below.

Resident Population Estimates for

July 1, 1998

State Population

Alabama 4,351,999 Alaska 614,010 Arizona 4,668,631 Arkansas 2,538,303 California 32,666,550 Colorado 3,970,971 Connecticut 3,274,069 Delaware 743,603 D.C. 523,124 Florida 14,915,980 Georgia 7,642,207 Hawaii 1,193,001 Idaho 1,228,684 Illinois 12,045,326 Indiana 5,899,195 Iowa 2,862,447 Kansas 2,629,067 Kentucky 3,936,499 Louisiana 4,368,967 Maine 1,244,250 Maryland 5,134,808 Massachusetts 6,147,132 Michigan 9,817,242 Minnesota 4,725,419 Mississippi 2,752,092 Missouri 5,438,559

February 8, 1999 16 1999–6 I.R.B.