SECTION 3. PROCEDURE

The unused housing credit carryover amount allocated from the National Pool by the Secretary to each qualified state for calendar year 2016 is as follows:

October 17, 2016 520 Bulletin No. 2016–42

Qualified State Amount Allocated

Alabama 51,684

Arizona 72,629

California 416,376

Connecticut 38,196

Delaware 10,062

Florida 215,622

Georgia 108,654

Idaho 17,603

Illinois 136,789

Kansas 30,971

Kentucky 47,069

Louisiana 49,682

Maine 14,140

Maryland 63,889

Massachusetts 72,271

Michigan 105,545

Minnesota 58,392

Nebraska 20,169

Nevada 30,749

Qualified State Amount Allocated

New Jersey 95,285

New Mexico 22,179

New York 210,564

North Carolina 106,823

North Dakota 8,051

Ohio 123,530

Oklahoma 41,604

Oregon 42,855

Pennsylvania 136,178

South Dakota 9,131

Utah 31,867

Virginia 89,168

Washington 76,270

West Virginia 19,616

Wisconsin 61,389

EFFECTIVE DATE

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 2016.

DRAFTING INFORMATION

The principal author of this revenue procedure is James A. Holmes of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue procedure, contact Mr. Holmes at (202) 317-4137 (not a toll-free number).

Section 42.—Low-Income Housing Credit

26 CFR 1.42–14. Allocation rules for post-1989 State housing credit ceiling amounts. Guidance is provided to state housing credit agencies of qualified states that request an allocation of unused housing credit carryover under section 42(h)(3)(D) of the Internal Revenue Code. See Rev. Proc. 2016–52

Bulletin No. 2016–42 521 October 17, 2016