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LIHTC Update: IRS Publishes Revenue Procedure 2020-42, Announcing $3.1 Million in Unused Housing Credit Carryovers Allocated to Qualified States

7 October 2020
 October 7, 2020
Category Industry News, News

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 is attached and can be viewed here.  

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