rp-09-40.pdf

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# Part III - Administrative, Procedural, and Miscellaneous

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement;
determination of correct tax liability.
(Also Part I, § 42; 1.42-14.)

Rev. Proc. 2009-40

## SECTION 1. PURPOSE

This revenue procedure publishes the amounts of unused housing credit carryovers
allocated to qualified states under § 42(h)(3)(D) of the Internal Revenue Code for
calendar year 2009.

## SECTION 2. BACKGROUND

Rev. Proc. 92-31, 1992-1 C.B. 775, 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). Section 4.06 of Rev. Proc. 92-31
provides that the Internal Revenue Service will publish in the Internal Revenue Bulletin
the amount of unused housing credit carryovers allocated to qualified states for a
calendar year from a national pool of unused credit authority (the National Pool). This
revenue procedure publishes these amounts for calendar year 2009.

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## SECTION 3. PROCEDURE

The unused housing credit carryover amount allocated from the National Pool by the
Secretary to each qualified state for calendar year 2009 is as follows:

Qualified State

Amount Allocated

Alabama

$ 104,336

California

882,632

Connecticut

78,360

Delaware

19,540

Florida

410,197

Georgia

216,772

Illinois

288,743

Kansas

62,713

Kentucky

95,548

Maine

29,463

Maryland

126,083

Massachusetts

145,428

Michigan

223,881

Minnesota

116,835

New Hampshire

29,448

New Jersey

194,322

New Mexico

44,411

New York

436,202

North Dakota

14,365

Ohio

257,060

Oregon

84,823

Pennsylvania

278,599

Rhode Island

23,517

South Dakota

17,998

Tennessee

139,092

Utah

61,243

Vermont

13,904

Virginia

173,876

West Virginia

40,609

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# 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 2009.

# DRAFTING INFORMATION

The principal author of this revenue procedure is Christopher J. Wilson of the
Office of Associate Chief Counsel (Passthroughs and Special Industries). For further
information regarding this revenue procedure contact Mr. Wilson on (202) 622-3040 (not
a toll-free call).