VIEWS: 2 PAGES: 4 CATEGORY: Business & Economics POSTED ON: 6/11/2010
Notice 2009-21 provides resident populations of the 50 states, the District of Columbia, Puerto Rico and the insular areas for purposes of determining the 2009 calendar year state housing credit ceiling under Section 42(h), private activity bond volume cap under Section 146, and private activity bond volume limit under Section 142(k).
Part III. Administrative, Procedural, and Miscellaneous 2009 Calendar Year Resident by the U.S. Census Bureau before the endar year are the estimates of the resi- Population Estimates beginning of such calendar year. Section dent population of the 50 states, the Dis- 142(k)(5) provides that the Volume Limit trict of Columbia, and Puerto Rico released Notice 2009–21 is based on the State population. electronically by the U.S. Census Bureau The population-based component of on December 22, 2008, in Press Release This notice informs (1) State and lo- the Credit Ceiling and the Volume Cap CB08–187. The proper population figures cal housing credit agencies that allocate are adjusted for inflation pursuant to for calculating the Credit Ceiling, the Vol- low-income housing tax credits under §§ 42(h)(3)(H) and 146(d)(2), respec- ume Cap, and the Volume Limit for the § 42 of the Internal Revenue Code and tively. The adjustments for the 2009 2009 calendar year for Guam, Northern (2) States and other issuers of tax-exempt calendar year were published in Rev. Proc. Mariana Islands, and U.S. Virgin Islands, private activity bonds under § 141, of 2008–66, 2008–45 I.R.B. 1107. Section are the figures released electronically by the proper population figures to be used 3.07 of Rev. Proc. 2008–66 provides the U.S. Census Bureau on July 17, 2003, for calculating the 2009 calendar year that, for calendar year 2009, the amounts and referenced in Census Bureau Tip Sheet population-based component of the State used under § 42(h)(3)(C)(ii) to calculate TP03–16, dated August 8, 2003. The fig- housing credit ceiling (Credit Ceiling) the Credit Ceiling is the greater of $2.30 ures for these three areas are in the U.S. under § 42(h)(3)(C)(ii), the 2009 calen- multiplied by the State population (see Census Bureau’s International D
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