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IRS Publishes LIHTC Carryover Amounts for 2005

Monday, July 25, 2005 - 7:15AM

The Internal Revenue Service (IRS) this month published the amounts of unused low-income housing tax credit (LIHTC) carryovers for calendar year 2005 that were allocated to 36 qualified states under IRC §42(h)(3)(D). Revenue Procedure 2005-36 details how more than $6 million of unused LIHTCs were divided among the states in the National Pool. For a copy of Rev. Proc. 2005-36, click here.

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