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NAHMA LIHTC Update: IRS Publishes Revenue Procedure 2020-42, Announcing $3.1 Million in Unused Housing Credit Carryovers Allocated to Qualified States
- By: admin
- On: 10/06/2020 09:14:30
- In: NAHMA Update
The Internal Revenue Service published Revenue Procedure 2020-42, announcing $3,105,001 of unused low-income housing tax credits allocated from the national pool to 33 qualified states for calendar year 2020.
IRS Publishes Revenue Procedure 2020-42,
Announcing $3.1 Million in Unused Housing Credit Carryovers Allocated to Qualified States
Today, the Internal Revenue Service published Revenue Procedure 2020-42, announcing $3,105,001 of unused low-income housing tax credits allocated from the national pool to 33 qualified states for calendar year 2020. The national pool in 2020 reflects an increase from the $2.7 million in unused low-income housing tax credits in calendar year 2019.Revenue Procure 2020-42 can be viewed here.
