Internal Revenue Bulletin — Rulings & Guidance
Rev. Proc. 2026-9 — 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 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.
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.
Source: official text