Tax News

CCH (cch.taxgroup.com) reports:

  State and local housing credit agencies that allocate low-income housing tax credits and states and other issuers of tax-exempt, private activity bonds have been provided with a listing of the proper population figures to be used when calculating the 2009 calendar-year, population-based component of the state housing credit ceiling under Code Sec. 42(h)(3)(C)(ii), the 2009 calendar-year, private activity bond volume cap under
Code Sec. 146 and the 2009 exempt facility bond volume limit under Code Sec. 142(k)(5). These figures are derived from the estimates of the resident populations of the 50 states, the District of Columbia and Puerto Rico, which were released by the Bureau of the Census on December 27, 2007. The figures for Guam, the Northern Mariana Islands and the U.S. Virgin Islands were released by the Bureau of the Census on July 17, 2003. The figures for American Samoa were released on June 18, 2008.

Notice 2009-21, 2009FED ¶46,303

Other References:

 
Code Sec. 42

  CCH Reference - 2009FED ¶4385.83

 
Code Sec. 142

  CCH Reference - 2009FED ¶7752.677

 
Code Sec. 146

  CCH Reference - 2009FED ¶7854.15

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