rp-26-09.pdf

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing.

This collection currently includes the publisher’s available advance-release directory. Historical bulletin renditions are discovered separately; an advance-release record alone does not certify the collection archive complete.

2025 National Pool Revenue Procedure

Rev. Proc. 2026-9

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 2025.
SECTION 2. BACKGROUND
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 a national pool of
unused credit authority (the National Pool) is published by the Internal Revenue Service
in the Internal Revenue Bulletin. This revenue procedure publishes these amounts for
calendar year 2025.

SECTION 3. PROCEDURE
The unused housing credit carryover amount allocated from the National Pool by
the Secretary to each qualified state for calendar year 2025 is as follows:
Qualified State Amount Allocated

Alabama 312,546
Alaska 44,851
California 2,389,455
Connecticut 222,702
Delaware 63,744
Florida 1,416,309
Illinois 770,210
Iowa 196,428
Kentucky 278,046
Massachusetts 432,437
Michigan 614,491
Nebraska 121,527
New Mexico 129,089
New York 1,203,915
North Carolina 669,367
North Dakota 48,270
Pennsylvania 792,546
Rhode Island 67,404
South Dakota 56,033
Texas 1,896,161
Utah 212,312
Vermont 39,297
Virginia 533,941
Washington 482,250
West Virginia 107,257

Because of the timing of the publication of this revenue procedure, any amount of
unused housing credit carryover published in this revenue procedure that a qualified
state fails to allocate before the close of 2025 will not be considered in determining
whether that state qualifies for an allocation of unused housing credit carryover for
calendar year 2026.
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 2025.
DRAFTING INFORMATION
The principal author of this revenue procedure is Waheed Olayan of the Office of
Associate Chief Counsel (Energy, Credits and Excise Tax). For further information
regarding this revenue procedure, contact Mr. Olayan at (202) 317-6239 (not a toll-free
number).