SECTION 3. NATIONAL QUALIFIED
Internal Revenue Bulletin 2004-43 · 2026-10-03 edition · updated 2026-10-04 · United States
ZONE ACADEMY BOND LIMITATION FOR 2004
The 2004 national limitation for Bonds is $400 million. This amount is allocated among the States as follows:
limitation amount may be carried forward only to the first 2 years (3 years for carryforwards from 1998 or 1999) following the unused limitation year. For this purpose, a limitation amount shall be treated as used on a first-in first-out basis.
.04 Rev. Proc. 98–9, 1998–1 C.B. 341; Rev. Proc. 98–57, 1998–2 C.B. 682; Rev.
Proc. 2000–10, 2000–1 C.B. 287; Rev. Proc. 2001–14, 2001–1 C.B. 343; Rev. Proc. 2002–25, 2002–1 C.B. 800; and Rev. Proc. 2002–72, 2002–2 C.B. 931, allocated among the States the national limitation for 1998, 1999, 2000, 2001, 2002, and 2003, respectively.
STATE MAXIMUM FACE AMOUNT OF BONDS THAT MAY BE ISSUED PURSUANT TO THE CALENDAR YEAR 2004 LIMITATION
Alabama $7,004,000
Alaska $613,000
Arizona $8,044,000
Arkansas $5,822,000
California $50,399,000
Colorado $4,772,000
Connecticut $3,054,000
Delaware $799,000
District of Columbia $1,062,000
Florida $22,524,000
Georgia $10,277,000
Hawaii $1,510,000
Idaho $1,609,000
Illinois $17,445,000
Indiana $6,041,000
Iowa $2,922,000
Kansas $2,944,000
Kentucky $6,249,000
Louisiana $8,504,000
Maine $1,861,000
Maryland $4,378,000
Massachusetts $7,092,000
Michigan $12,608,000
Minnesota $3,557,000
Mississippi $5,615,000
Missouri $6,030,000
Montana $1,335,000
Nebraska $1,981,000
Nevada $2,058,000
New Hampshire $799,000
New Jersey $7,453,000
New Mexico $3,590,000
New York $29,441,000
North Carolina $12,750,000
North Dakota $799,000
Ohio $12,028,000
Oklahoma $5,352,000
2004–43 I.R.B. 708 October 25, 2004
STATE MAXIMUM FACE AMOUNT OF BONDS THAT MAY BE ISSUED PURSUANT TO THE CALENDAR YEAR 2004 LIMITATION
Oregon $4,159,000
Pennsylvania $12,608,000
Rhode Island $1,270,000
South Carolina $6,216,000
South Dakota $930,000
Tennessee $9,182,000
Texas $36,795,000
Utah $2,495,000
Vermont $668,000
Virginia $7,683,000
Washington $7,191,000
West Virginia $3,207,000
Wisconsin $5,111,000
Wyoming $482,000
American Samoa $385,000
Guam $405,000
Northern Marianas $373,000
Puerto Rico $20,132,000
Virgin Islands $387,000
Total $400,000,000
Entities). For further information regarding this revenue procedure, contact Mr. Stojanovic at (202) 622–3980 (not a toll-free call).
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