Rev. Proc. 2019-45, 2019-48 I.R.B.

524, provides guidance to state housing credit agencies of qualified states on the procedure for requesting an allocation of unused housing credit carryovers under § 42(h)(3)(D). The amount of unused housing credit carryovers allocated to qualified states for a calendar year from

Qualified State Amount Allocated Alabama 126,203 California 982,548 Connecticut 90,287 Delaware 25,126 Florida 545,418 Georgia 270,430 Illinois 317,304 Indiana 170,428 Maine 34,362 Massachusetts 174,903 Michigan 251,681 Minnesota 142,918 Missouri 154,457 Montana 27,652 Nebraska 49,172 New Mexico 52,983 New York 496,708 North Carolina 264,210 Ohio 294,981 Oregon 106,327 Pennsylvania 324,631 Rhode Island 27,435 South Dakota 22,421 Vermont 16,166 Virginia 216,410 Washington 193,783 West Virginia 44,647

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 2022.

DRAFTING INFORMATION

The principal author of this revenue procedure is YoungNa Lee, formerly at Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue

procedure, contact James A. Holmes at (202) 317-4137 (not a toll-free number).

Bulletin No. 2022–43 377 October 24, 2022

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. 2022-37

October 24, 2022 378 Bulletin No. 2022–43