IRS ANNOUNCES LIHTC ALLOCATIONS TO NATIONAL POOL

Friday, September 29, 2006 - 7:00AM

The Internal Revenue Service (IRS) this week published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2006 that were allocated to 31 qualified states under Internal Revenue Code §42(h)(3)(D). Revenue Procedure 2006-38 details how more than $6.2 million of unused LIHTCs were divided among the states in the national pool. California received the largest allocation of $949,059 in LIHTCs. For a copy of Rev. Proc. 2006-38, click here.

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