Rp 2017-27

07. Withdrawal. Except as specifically
provided above, either party may withdraw from the process at any time before
reaching a settlement of any issue under
consideration by notifying the other party
and the FTS Appeals Official. Withdrawal
with respect to any one issue under consideration has the effect of withdrawing
all issues under consideration at the time
of withdrawal. If either party withdraws
from SB/SE FTS prior to the start of the
FTS Session, the taxpayer will not be
treated as having participated in SB/SE
FTS for purposes of determining eligibility for post-appeals mediation. See section
4.04(9) of Rev. Proc. 2014 – 63 and section 6.06 of this revenue procedure.
SECTION 7. COMPLETING THE
SB/SE FTS PROCESS
01. If the parties reach a basis of settlement for any issue through the SB/SE
FTS process, the SB/SE representative or
FTS Appeals Official will use established
issue or case closing procedures and applicable agreement forms, including preparation of a Form 906, Closing Agreement
on Final Determination Covering Specific
Tax Matters, if appropriate.
02. If applicable, the IRS will report a
proposed resolution reached as a result of
SB/SE FTS (as reflected in a signed FTS
Session Report) to the Joint Committee on
Taxation in accordance with section 6405.
The taxpayer acknowledges that the IRS
reserves the right to reconsider an SB/SE
FTS proposed settlement upon receipt of
comments on the proposed settlement
from the Joint Committee on Taxation. If
the taxpayer and the IRS do not reach
agreement with respect to any changes by
the IRS upon reconsideration, SB/SE will
close the case unagreed and the taxpayer
will retain the usual rights to request
Appeals consideration of any unagreed
issues.
SECTION 8. GENERAL
PROVISIONS
01. Ex Parte Communications
(1) In General. The prohibition against
ex parte communications between Appeals employees and other IRS employees
provided by section 1001(a) of the Internal Revenue Service Restructuring and
Reform Act of 1998, Pub. L. No. 105–

April 3, 2017

206, 112 Stat. 685, does not apply to the
communications taking place as part of
the SB/SE FTS process because the Appeals employees are not acting in their
traditional Appeals settlement role. See
Rev. Proc. 2012–18, 2012–10 I.R.B. 455.
(2) Cases returned for traditional Appeals consideration. For SB/SE FTS cases
that are returned for traditional Appeals
consideration for any reason, general ex
parte restrictions apply, however, ex parte
restrictions will not be imposed on intraAppeals communications. Appeals management will take appropriate measures to
ensure these cases are handled impartially.
02. Confidentiality and Disclosure
(1) In general. The SB/SE FTS process
is confidential and all information and
communications made during the SB/SE
FTS process (both oral and written) are
both taxpayer return information and dispute resolution communications subject to
restrictions on disclosure. See section
6103 and 5 U.S.C. §§ 571(5) and 574.
Therefore, no information or communications made during the SB/SE FTS process
may be disclosed by any party, participant, or observer except as provided by
statute, including sections 6103 and
7214(a)(8) and 5 U.S.C. § 574.
(2) Employees. IRS employees who
participate in or observe the SB/SE FTS
process in any way, and any person under
contract to the IRS pursuant to section
6103(n) who participates in or observes
the SB/SE FTS process, will be subject to
the confidentiality and disclosure provisions of the Internal Revenue Code, including sections 6103, 7213, and 7431
and 5 U.S.C. § 574.
(3) Taxpayer consent. To participate in
SB/SE FTS, the taxpayer must consent
under section 6103(c) to the disclosure by
the IRS of the taxpayer’s returns and return information incident to SB/SE FTS to
any participant identified in the initial list
of participants and to any participants subsequently identified in writing by the parties. The consent to disclose and the list of
participants must be set forth on the Form
14017. If the Form 14017 is signed by a
person pursuant to a power of attorney
executed by the taxpayer, that power of
attorney must clearly express the taxpayer’s grant of authority to the representative to sign the Form 14017 and to consent
to the disclosure of the taxpayer’s returns

1042

and return information by the IRS to third
parties. The presence of any observer for
the taxpayer or the government may require the taxpayer (or the taxpayer’s representative) to sign a separate disclosure
consent form.
03. Use as precedent. Any final agreement, case closing or closing agreement
based on a settlement reached by the parties through the SB/SE FTS process will
not be binding on the parties for taxable
years or issues not covered by the SB/SE
FTS agreement, unless such taxable years
or issues are expressly addressed in a formal closing agreement. Except as expressly provided in the SB/SE FTS agreement or in a formal closing agreement, no
party may use the settlement as precedent.
SECTION 9. EFFECT ON OTHER
DOCUMENTS
Announcement 2011–5, 2011– 4 I.R.B.
430, is modified and superseded.
SECTION 10. EFFECTIVE DATE
This revenue procedure is effective
March 20, 2017, the date this revenue
procedure was released.
SECTION 11. DRAFTING
INFORMATION AND FURTHER
INFORMATION
The principal author of this revenue
procedure is Mark A. Bond of the Office
of the Associate Chief Counsel (Procedure & Administration). For further information regarding this revenue procedure
contact Mr. Bond at (202) 317-6844 (not a
toll-free number).
26 CFR 6a.103A–2: Qualified mortgage bond

Rev. Proc. 2017–27
SECTION 1. PURPOSE
This revenue procedure provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Internal
Revenue Code (Code), and issuers of
mortgage credit certificates, as defined in
section 25(c), with (1) the nationwide average purchase price for residences located in the United States, and (2) average
area purchase price safe harbors for residences located in statistical areas in

Bulletin No. 2017–14

each state, the District of Columbia,
Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam.
SECTION 2. BACKGROUND
.01 Section 103(a) provides that, except as provided in section 103(b), gross
income does not include interest on any
state or local bond. Section 103(b)(1) provides that section 103(a) shall not apply to
any private activity bond that is not a
“qualified bond” within the meaning of
section 141. Section 141(e) provides, in
part, that the term “qualified bond” means
any private activity bond if such bond (1)
is a qualified mortgage bond under section
143, (2) meets the volume cap requirements under section 146, and (3) meets
the applicable requirements under section
147.
.02 Section 143(a)(1) provides that the
term “qualified mortgage bond” means a
bond that is issued as part of a qualified
mortgage issue. Section 143(a)(2)(A) provides that the term “qualified mortgage
issue” means an issue of one or more
bonds by a state or political subdivision
thereof, but only if: (i) all proceeds of the
issue (exclusive of issuance costs and a
reasonably required reserve) are to be
used to finance owner-occupied residences; (ii) the issue meets the requirements of
subsections (c), (d), (e), (f), (g), (h), (i),
and (m)(7) of section 143; (iii) the issue
does not meet the private business tests of
paragraphs (1) and (2) of section 141(b);
and (iv) with respect to amounts received
more than 10 years after the date of issuance, repayments of $250,000 or more of
principal on mortgage financing provided
by the issue are used by the close of the
first semiannual period beginning after the
date the prepayment (or complete repayment) is received to redeem bonds that are
part of the issue.
Average Area Purchase Price
.03 Section 143(e)(1) provides that an
issue of bonds meets the purchase price
requirements of section 143(e) if the acquisition cost of each residence financed
by the issue does not exceed 90 percent of
the average area purchase price applicable
to such residence. Section 143(e)(5) provides that, in the case of a targeted area

Bulletin No. 2017–14

residence (as defined in section 143(j)),
section 143(e)(1) shall be applied by substituting 110 percent for 90 percent.
.04 Section 143(e)(2) provides that
the term “average area purchase price”
means, with respect to any residence, the
average purchase price of single-family
residences (in the statistical area in which
the residence is located) that were purchased during the most recent 12-month
period for which sufficient statistical information is available. Under sections
143(e)(3) and (4), respectively, separate
determinations are to be made for new and
existing residences, and for two-, three-,
and four-family residences.
.05 Section 143(e)(2) provides that the
determination of the average area purchase price for a statistical area shall be
made as of the date on which the commitment to provide the financing is made or,
if earlier, the date of the purchase of the
residence.
.06 Section 143(k)(2)(A) provides that
the term “statistical area” means (i) a metropolitan statistical area (MSA), and (ii)
any county (or the portion thereof) that is
not within an MSA. Section 143(k)(2)(C)
further provides that if sufficient recent
statistical information with respect to a
county (or portion thereof) is unavailable,
the Secretary may substitute another area
for which there is sufficient recent statistical information for such county (or portion thereof). In the case of any portion of
a State which is not within a county, section 143(k)(2)(D) provides that the Secretary may designate as a county any area
that is the equivalent of a county. Section
6a.103A–1(b)(4)(i) of the Temporary Income Tax Regulations (issued under section 103A of the Internal Revenue Code
of 1954, the predecessor of section 143 of
the Code) provides that the term “State”
includes a possession of the United States
and the District of Columbia.
.07 Section 6a.103A–2(f)(5)(i) provides that an issuer may rely upon the
average area purchase price safe harbors
published by the Department of the Treasury (Treasury Department) for the statistical area in which a residence is located.
Section 6a.103A–2(f)(5)(i) further provides that an issuer may use an average
area purchase price limitation different
from the published safe harbor if the is-

1043

suer has more accurate and comprehensive data for the statistical area.
Qualified Mortgage Credit Certificate
Program
.08 Section 25(c) permits a state or
political subdivision to establish a qualified mortgage credit certificate program.
In general, a qualified mortgage credit certificate program is a program under which
the issuing authority elects not to issue an
amount of private activity bonds that it
may otherwise issue during the calendar
year under section 146, and in their
place, issues mortgage credit certificates
to taxpayers in connection with the acquisition of their principal residences.
Section 25(a)(1) provides, in general, that
the holder of a mortgage credit certificate
may claim a federal income tax credit
equal to the product of the credit rate
specified in the certificate and the interest
paid or accrued during the tax year on the
remaining principal of the indebtedness
incurred to acquire the residence. Section
25(c)(2)(A)(iii)(III) generally provides that
residences acquired in connection with the
issuance of mortgage credit certificates must
meet the purchase price requirements of section 143(e).
Income Limitations for Qualified
Mortgage Bonds and Mortgage Credit
Certificates
.09 Section 143(f) imposes limitations
on the income of mortgagors for whom
financing may be provided by qualified
mortgage bonds. In addition, section
25(c)(2)(A)(iii)(IV) provides that holders
of mortgage credit certificates must meet
the income requirement of section 143(f).
Generally, under sections 143(f)(1) and
25(c)(2)(A)(iii)(IV), the income requirement is met only if all owner-financing
under a qualified mortgage bond and all
mortgage credit certificates issued under a
qualified mortgage credit certificate program are provided to mortgagors whose
family income is 115 percent or less of the
applicable median family income. Section
143(f)(5), however, generally provides for
an upward adjustment to the percentage
limitation in high housing cost areas. High
housing cost areas are defined in section
143(f)(5)(C) as any statistical area for

April 3, 2017

which the housing cost/income ratio is
greater than 1.2.
.10 Under section 143(f)(5)(D), the
housing cost/income ratio with respect to
any statistical area is determined by dividing (a) the applicable housing price ratio
for such area by (b) the ratio that the area
median gross income for such area bears
to the median gross income for the United
States. The applicable housing price ratio
is the new housing price ratio (new housing average area purchase price divided
by the new housing average purchase
price for the United States) or the existing
housing price ratio (existing housing average area purchase price divided by the
existing housing average purchase price
for the United States), whichever results
in the housing cost/income ratio being
closer to 1.
Average Area and Nationwide Purchase
Price Limitations
.11 Average area purchase price safe
harbors for each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin
Islands, and Guam were last published in
Rev. Proc. 2016 –25, 2016 –18 I.R.B. 678.
.12 The nationwide average purchase
price limitation was last published in section 4.02 of Rev. Proc. 2016 –25. Guidance with respect to the United States and
area median gross income figures that are
to be used in computing the housing cost/
income ratio described in section 143(f)(5)
was last published in Rev. Proc. 2016 –26,
2016 –22 I.R.B. 1018.
.13 This revenue procedure uses FHA
loan limits for a given statistical area to
calculate the average area purchase price
safe harbor for that area. FHA sets limits
on the dollar value of loans it will insure
based on median home prices and conforming loan limits established by the
Federal Home Loan Mortgage Corporation. In particular, FHA sets an area’s loan
limit at 95 percent of the median home
sales price for the area, subject to certain
floors and caps measured against conforming loan limits.
.14 To calculate the average area purchase price safe harbors in this revenue
procedure, the FHA loan limits are adjusted to take into account the differences
between average and median purchase
prices. Because FHA loan limits do not

April 3, 2017

differentiate between new and existing
residences, this revenue procedure contains a single average area purchase price
safe harbor for both new and existing residences in a statistical area. The Treasury
Department and the Internal Revenue Service (IRS) have determined that FHA loan
limits provide a reasonable basis for determining average area purchase price
safe harbors. If the Treasury Department
and the IRS become aware of other sources
of average purchase price data, including
data that differentiate between new and existing residences, consideration will be
given as to whether such data provide a
more accurate method for calculating average area purchase price safe harbors.
.15 The average area purchase price
safe harbors listed in section 4.01 of this
revenue procedure are based on FHA loan
limits released December 1, 2016. FHA
loan limits are available for statistical areas in each state, the District of Columbia,
Puerto Rico, the Northern Mariana Islands,
American Samoa, the Virgin Islands, and
Guam. See section 3.03 of this revenue procedure with respect to FHA loan limits revised after December 1, 2016.
.16 OMB Bulletin No. 03– 04, dated
and effective June 6, 2003, revised the
definitions of the nation’s metropolitan areas and recognized 49 new metropolitan
statistical areas. The OMB bulletin no longer includes primary metropolitan statistical areas.
SECTION 3. APPLICATION
Average Area Purchase Price Safe
Harbors
.01 Average area purchase price safe
harbors for statistical areas in each state,
the District of Columbia, Puerto Rico, the
Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam are set
forth in section 4.01 of this revenue procedure. Average area purchase price safe
harbors are provided for single-family and
two to four-family residences. For each
type of residence, section 4.01 of this revenue procedure contains a single safe harbor that may be used for both new and
existing residences. Issuers of qualified
mortgage bonds and issuers of mortgage
credit certificates may rely on these safe
harbors to satisfy the requirements of sections 143(e) and (f). Section 4.01 of this

1044

revenue procedure provides safe harbors
for MSAs and for certain counties and
county equivalents. If no purchase price safe
harbor is available for a statistical area, the
safe harbor for “ALL OTHER AREAS”
may be used for that statistical area.
.02 If a residence is in an MSA, the safe
harbor applicable to it is the limitation of
that MSA. If an MSA falls in more than one
state, the MSA is listed in section 4.01 of
this revenue procedure under each state.
.03 If the FHA revises the FHA loan
limit for any statistical area after December 1, 2016, an issuer of qualified mortgage bonds or mortgage credit certificates
may use the revised FHA loan limit for
that statistical area to compute (as provided in the next sentence) a revised average area purchase price safe harbor for
the statistical area provided that the issuer
maintains records evidencing the revised
FHA loan limit. The revised average area
purchase price safe harbor for that statistical area is computed by dividing the
revised FHA loan limit by .9775.
.04 If, pursuant to section 6a.103A–
2(f)(5)(i), an issuer uses more accurate
and comprehensive data to determine the
average area purchase price for a statistical area, the issuer must make separate
average area purchase price determinations for new and existing residences.
Moreover, when computing the average
area purchase price for a statistical area
that is an MSA, as defined in OMB Bulletin No. 03– 04, the issuer must make the
computation for the entire applicable
MSA. When computing the average area
purchase price for a statistical area that is
not an MSA, the issuer must make the
computation for the entire statistical area
and may not combine statistical areas.
Thus, for example, the issuer may not
combine two or more counties.
.05 If an issuer receives a ruling permitting it to rely on an average area purchase price limitation that is higher than
the applicable safe harbor in this revenue
procedure, the issuer may rely on that
higher limitation for the purpose of satisfying the requirements of section 143(e)
and (f) for bonds sold, and mortgage
credit certificates issued, not more than 30
months following the termination date of
the 12-month period used by the issuer to
compute the limitation.

Bulletin No. 2017–14

Nationwide Average Purchase Price
.06 Section 4.02 of this revenue procedure sets forth a single nationwide average purchase price for purposes of computing the housing cost/income ratio
under section 143(f)(5).
.07 Issuers must use the nationwide
average purchase price set forth in section
4.02 of this revenue procedure when
computing the housing cost/income ratio
under section 143(f)(5) regardless of
whether they are relying on the average
area purchase price safe harbors contained
in this revenue procedure or using more
accurate and comprehensive data to deter-

mine average area purchase prices for new
and existing residences for a statistical
area that are different from the published
safe harbors in this revenue procedure.
.08 If, pursuant to section 6.02 of this
revenue procedure, an issuer relies on the
average area purchase price safe harbors
contained in Rev. Proc. 2016 –25, the issuer must use the nationwide average purchase price set forth in section 4.02 of
Rev. Proc. 2016 –25 in computing the
housing cost/income ratio under section
143(f)(5). Likewise, if, pursuant to section
6.04 of this revenue procedure, an issuer
relies on the nationwide average purchase
price published in Rev. Proc. 2016 –25,

the issuer may not rely on the average area
purchase price safe harbors published in
this revenue procedure.
SECTION 4. AVERAGE AREA AND
NATIONWIDE AVERAGE
PURCHASE PRICES
.01 Average area purchase prices for
single-family and two to four-family residences in MSAs, and for certain counties
and county equivalents are set forth below. The safe harbor for “ALL OTHER
AREAS” (found at the end of the table
below) may be used for a statistical area
that is not listed below.

2017 Average Area Purchase Prices for Mortgage Revenue Bonds

State
AL
AL
AL
AL

One-Unit
Limit
$338,824
$338,824
$296,471
$338,824

Two-Unit
Limit
$433,760
$433,760
$379,540
$433,760

Three-Unit
Limit
$524,297
$524,297
$458,772
$524,297

Four-Unit
Limit
$651,560
$651,560
$570,128
$651,560

ALEUTIANS WEST
ANCHORAGE MUNIC
BRISTOL BAY BOR
DENALI BOROUGH
HAINES BOROUGH
HOONAH-ANGOON C
JUNEAU CITY AND
KETCHIKAN GATEW
KODIAK ISLAND B
MATANUSKA-SUSIT
NOME CENSUS ARE
NORTH SLOPE BOR
PETERSBURG CENS
SITKA CITY AND
SKAGWAY MUNICIP
VALDEZ-CORDOVA
WRANGELL CITY A
YAKUTAT CITY AN

AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK
AK

$394,118
$405,882
$321,176
$304,706
$290,588
$288,235
$435,294
$332,941
$390,588
$405,882
$361,176
$340,000
$340,000
$462,353
$424,706
$300,000
$340,000
$430,588

$504,552
$519,591
$411,151
$390,077
$371,969
$369,003
$557,238
$426,189
$500,000
$519,591
$462,353
$435,243
$435,243
$591,867
$543,683
$384,041
$435,243
$551,202

$609,872
$628,082
$496,982
$471,509
$449,668
$446,036
$673,606
$515,192
$604,399
$628,082
$558,875
$526,138
$526,138
$715,448
$657,187
$464,194
$526,138
$666,292

$757,903
$780,563
$617,647
$585,985
$558,824
$554,271
$837,084
$640,256
$751,151
$780,563
$694,578
$653,862
$653,862
$889,156
$816,726
$576,931
$653,862
$828,082

COCONINO
MARICOPA
PINAL

AZ
AZ
AZ

$370,588
$285,882
$285,882

$474,425
$365,985
$365,985

$573,453
$442,353
$442,353

$712,685
$549,770
$549,770

ALAMEDA
CONTRA COSTA
LOS ANGELES

CA
CA
CA

$650,793
$650,793
$650,793

$833,248
$833,248
$833,248

$1,007,187
$1,007,187
$1,007,187

$1,251,637
$1,251,637
$1,251,637

County Name
HALE
PICKENS
RUSSELL
TUSCALOOSA

Bulletin No. 2017–14

1045

April 3, 2017

County Name
MARIN
NAPA
ORANGE
SAN BENITO
SAN FRANCISCO
SAN MATEO
SANTA BARBARA
SANTA CLARA
SANTA CRUZ
VENTURA
ALPINE
AMADOR
BUTTE
CALAVERAS
EL DORADO
FRESNO
HUMBOLDT
INYO
MARIPOSA
MENDOCINO
MONO
MONTEREY
NEVADA
PLACER
PLUMAS
RIVERSIDE
SACRAMENTO
SAN BERNARDINO
SAN DIEGO
SAN JOAQUIN
SAN LUIS OBISPO
SIERRA
SOLANO
SONOMA
STANISLAUS
SUTTER
TUOLUMNE
YOLO
YUBA
EAGLE
GARFIELD
PITKIN
SAN MIGUEL
SUMMIT
ADAMS

April 3, 2017

State
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA
CA

One-Unit
Limit
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$474,118
$340,000
$300,000
$382,353
$500,000
$288,235
$335,294
$377,647
$329,412
$382,353
$541,176
$588,235
$488,235
$500,000
$344,706
$388,235
$500,000
$388,235
$627,059
$370,588
$600,000
$311,765
$441,176
$609,412
$305,882
$282,353
$338,824
$500,000
$282,353

Two-Unit
Limit
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$606,957
$435,243
$384,041
$489,463
$640,102
$369,003
$429,207
$483,427
$421,688
$489,463
$692,788
$753,043
$625,013
$640,102
$441,279
$496,982
$640,102
$496,982
$802,762
$474,425
$768,082
$399,079
$564,757
$780,153
$391,560
$361,432
$433,760
$640,102
$361,432

Three-Unit
Limit
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$733,657
$526,138
$464,194
$591,662
$773,708
$446,036
$518,824
$584,399
$509,719
$591,662
$837,442
$910,281
$755,499
$773,708
$533,402
$600,767
$773,708
$600,767
$970,332
$573,453
$928,440
$482,404
$682,711
$943,018
$473,299
$436,931
$524,297
$773,708
$436,931

Four-Unit
Limit
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$911,765
$653,862
$576,931
$735,294
$961,535
$554,271
$644,808
$726,240
$633,504
$735,294
$1,040,716
$1,131,253
$938,926
$961,535
$662,916
$746,598
$961,535
$746,598
$1,205,882
$712,685
$1,153,862
$599,540
$848,440
$1,171,969
$588,235
$542,967
$651,560
$961,535
$542,967

CO
CO
CO
CO
CO
CO

$650,793
$650,793
$650,793
$650,793
$650,793
$504,706

$833,248
$833,248
$833,248
$833,248
$833,248
$646,087

$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$781,023

$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$970,588

1046

Bulletin No. 2017–14

State
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO
CO

One-Unit
Limit
$504,706
$291,765
$541,176
$504,706
$504,706
$504,706
$504,706
$504,706
$291,765
$504,706
$341,176
$365,882
$437,647
$504,706
$394,118
$384,706
$289,412
$435,294
$504,706
$649,412
$291,765
$329,412

Two-Unit
Limit
$646,087
$373,504
$692,788
$646,087
$646,087
$646,087
$646,087
$646,087
$373,504
$646,087
$436,777
$468,389
$560,256
$646,087
$504,552
$492,481
$370,486
$557,238
$646,087
$831,355
$373,504
$421,688

Three-Unit
Limit
$781,023
$451,458
$837,442
$781,023
$781,023
$781,023
$781,023
$781,023
$451,458
$781,023
$527,928
$566,189
$677,238
$781,023
$609,872
$595,294
$447,826
$673,606
$781,023
$1,004,910
$451,458
$509,719

Four-Unit
Limit
$970,588
$561,074
$1,040,716
$970,588
$970,588
$970,588
$970,588
$970,588
$561,074
$970,588
$656,113
$703,632
$841,637
$970,588
$757,903
$739,795
$556,573
$837,084
$970,588
$1,248,900
$561,074
$633,504

FAIRFIELD
HARTFORD
LITCHFIELD
MIDDLESEX
NEW HAVEN
NEW LONDON
TOLLAND
WINDHAM

CT
CT
CT
CT
CT
CT
CT
CT

$615,294
$361,176
$365,882
$361,176
$312,941
$287,059
$361,176
$294,118

$787,673
$462,353
$468,389
$462,353
$400,614
$367,468
$462,353
$376,522

$952,123
$558,875
$566,189
$558,875
$484,246
$444,194
$558,875
$455,141

$1,183,274
$694,578
$703,632
$694,578
$601,790
$552,020
$694,578
$565,627

DISTRICT OF COL

DC

$650,793

$833,248

$1,007,187

$1,251,637

NEW CASTLE
SUSSEX

DE
DE

$388,235
$323,529

$496,982
$414,169

$600,767
$500,614

$746,598
$622,148

BAKER
BROWARD
CLAY
COLLIER
DUVAL
LAKE
MANATEE
MARTIN
MIAMI-DADE

FL
FL
FL
FL
FL
FL
FL
FL
FL

$337,647
$352,941
$337,647
$461,176
$337,647
$283,529
$294,118
$323,529
$352,941

$432,225
$451,816
$432,225
$590,384
$432,225
$362,967
$376,522
$414,169
$451,816

$522,455
$546,138
$522,455
$713,657
$522,455
$438,721
$455,141
$500,614
$546,138

$649,309
$678,721
$649,309
$886,905
$649,309
$545,217
$565,627
$622,148
$678,721

County Name
ARAPAHOE
ARCHULETA
BOULDER
BROOMFIELD
CLEAR CREEK
DENVER
DOUGLAS
ELBERT
EL PASO
GILPIN
GRAND
GUNNISON
HINSDALE
JEFFERSON
LA PLATA
LARIMER
MESA
OURAY
PARK
ROUTT
TELLER
WELD

Bulletin No. 2017–14

1047

April 3, 2017

County Name
MONROE
NASSAU
OKALOOSA
ORANGE
OSCEOLA
PALM BEACH
ST. JOHNS
ST. LUCIE
SARASOTA
SEMINOLE
SUMTER
WALTON
BARROW
BARTOW
BUTTS
CARROLL
CHATTAHOOCHEE
CHEROKEE
CLARKE
CLAYTON
COBB
COWETA
DAWSON
DEKALB
DOUGLAS
FAYETTE
FORSYTH
FULTON
GREENE
GWINNETT
HARALSON
HARRIS
HEARD
HENRY
JASPER
LAMAR
MADISON
MARION
MERIWETHER
MORGAN
MUSCOGEE
NEWTON
OCONEE
OGLETHORPE
PAULDING

April 3, 2017

State
FL
FL
FL
FL
FL
FL
FL
FL
FL
FL
FL
FL

One-Unit
Limit
$541,176
$337,647
$349,412
$283,529
$283,529
$352,941
$337,647
$323,529
$294,118
$283,529
$294,118
$349,412

Two-Unit
Limit
$692,788
$432,225
$447,315
$362,967
$362,967
$451,816
$432,225
$414,169
$376,522
$362,967
$376,522
$447,315

Three-Unit
Limit
$837,442
$522,455
$540,665
$438,721
$438,721
$546,138
$522,455
$500,614
$455,141
$438,721
$455,141
$540,665

Four-Unit
Limit
$1,040,716
$649,309
$671,918
$545,217
$545,217
$678,721
$649,309
$622,148
$565,627
$545,217
$565,627
$671,918

GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA
GA

$367,059
$367,059
$367,059
$367,059
$296,471
$367,059
$328,235
$367,059
$367,059
$367,059
$367,059
$367,059
$367,059
$367,059
$367,059
$367,059
$527,059
$367,059
$367,059
$296,471
$367,059
$367,059
$367,059
$367,059
$328,235
$296,471
$367,059
$367,059
$296,471
$367,059
$328,235
$328,235
$367,059

$469,872
$469,872
$469,872
$469,872
$379,540
$469,872
$420,205
$469,872
$469,872
$469,872
$469,872
$469,872
$469,872
$469,872
$469,872
$469,872
$674,731
$469,872
$469,872
$379,540
$469,872
$469,872
$469,872
$469,872
$420,205
$379,540
$469,872
$469,872
$379,540
$469,872
$420,205
$420,205
$469,872

$567,980
$567,980
$567,980
$567,980
$458,772
$567,980
$507,928
$567,980
$567,980
$567,980
$567,980
$567,980
$567,980
$567,980
$567,980
$567,980
$815,601
$567,980
$567,980
$458,772
$567,980
$567,980
$567,980
$567,980
$507,928
$458,772
$567,980
$567,980
$458,772
$567,980
$507,928
$507,928
$567,980

$705,882
$705,882
$705,882
$705,882
$570,128
$705,882
$631,202
$705,882
$705,882
$705,882
$705,882
$705,882
$705,882
$705,882
$705,882
$705,882
$1,013,606
$705,882
$705,882
$570,128
$705,882
$705,882
$705,882
$705,882
$631,202
$570,128
$705,882
$705,882
$570,128
$705,882
$631,202
$631,202
$705,882

1048

Bulletin No. 2017–14

State
GA
GA
GA
GA
GA

One-Unit
Limit
$367,059
$367,059
$367,059
$367,059
$367,059

Two-Unit
Limit
$469,872
$469,872
$469,872
$469,872
$469,872

Three-Unit
Limit
$567,980
$567,980
$567,980
$567,980
$567,980

Four-Unit
Limit
$705,882
$705,882
$705,882
$705,882
$705,882

HONOLULU
KALAWAO
KAUAI
MAUI
HAWAII

HI
HI
HI
HI
HI

$737,647
$672,941
$729,412
$672,941
$376,471

$944,297
$861,483
$933,760
$861,483
$481,944

$1,141,483
$1,041,330
$1,128,747
$1,041,330
$582,558

$1,418,568
$1,294,118
$1,402,711
$1,294,118
$723,990

BLAINE
CAMAS
LINCOLN
TETON

ID
ID
ID
ID

$650,793
$650,793
$650,793
$650,793

$833,248
$833,248
$833,248
$833,248

$1,007,187
$1,007,187
$1,007,187
$1,007,187

$1,251,637
$1,251,637
$1,251,637
$1,251,637

BOONE
COOK
DEKALB
DUPAGE
GRUNDY
KANE
KENDALL
LAKE
MCHENRY
WILL
WINNEBAGO

IL
IL
IL
IL
IL
IL
IL
IL
IL
IL
IL

$347,059
$374,118
$374,118
$374,118
$374,118
$374,118
$374,118
$374,118
$374,118
$374,118
$347,059

$444,297
$478,926
$478,926
$478,926
$478,926
$478,926
$478,926
$478,926
$478,926
$478,926
$444,297

$537,033
$578,926
$578,926
$578,926
$578,926
$578,926
$578,926
$578,926
$578,926
$578,926
$537,033

$667,417
$719,437
$719,437
$719,437
$719,437
$719,437
$719,437
$719,437
$719,437
$719,437
$667,417

BOONE
BROWN
CLARK
FLOYD
HAMILTON
HANCOCK
HARRISON
HENDRICKS
JASPER
JOHNSON
LAKE
MADISON
MARION
MORGAN
NEWTON
PORTER
PUTNAM

IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN
IN

$315,294
$315,294
$305,882
$305,882
$315,294
$315,294
$305,882
$315,294
$374,118
$315,294
$374,118
$315,294
$315,294
$315,294
$374,118
$374,118
$315,294

$403,632
$403,632
$391,560
$391,560
$403,632
$403,632
$391,560
$403,632
$478,926
$403,632
$478,926
$403,632
$403,632
$403,632
$478,926
$478,926
$403,632

$487,877
$487,877
$473,299
$473,299
$487,877
$487,877
$473,299
$487,877
$578,926
$487,877
$578,926
$487,877
$487,877
$487,877
$578,926
$578,926
$487,877

$606,343
$606,343
$588,235
$588,235
$606,343
$606,343
$588,235
$606,343
$719,437
$606,343
$719,437
$606,343
$606,343
$606,343
$719,437
$719,437
$606,343

County Name
PICKENS
PIKE
ROCKDALE
SPALDING
WALTON

Bulletin No. 2017–14

1049

April 3, 2017

County Name
SCOTT
SHELBY
WASHINGTON

State
IN
IN
IN

One-Unit
Limit
$305,882
$315,294
$305,882

Two-Unit
Limit
$391,560
$403,632
$391,560

Three-Unit
Limit
$473,299
$487,877
$473,299

Four-Unit
Limit
$588,235
$606,343
$588,235

JOHNSON
LEAVENWORTH
LINN
MIAMI
WYANDOTTE

KS
KS
KS
KS
KS

$315,294
$315,294
$315,294
$315,294
$315,294

$403,632
$403,632
$403,632
$403,632
$403,632

$487,877
$487,877
$487,877
$487,877
$487,877

$606,343
$606,343
$606,343
$606,343
$606,343

BULLITT
HENRY
JEFFERSON
OLDHAM
SHELBY
SPENCER
TRIMBLE

KY
KY
KY
KY
KY
KY
KY

$305,882
$305,882
$305,882
$305,882
$305,882
$305,882
$305,882

$391,560
$391,560
$391,560
$391,560
$391,560
$391,560
$391,560

$473,299
$473,299
$473,299
$473,299
$473,299
$473,299
$473,299

$588,235
$588,235
$588,235
$588,235
$588,235
$588,235
$588,235

DUKES
NANTUCKET
BARNSTABLE
BRISTOL
ESSEX
HAMPDEN
HAMPSHIRE
MIDDLESEX
NORFOLK
PLYMOUTH
SUFFOLK
WORCESTER

MA
MA
MA
MA
MA
MA
MA
MA
MA
MA
MA
MA

$650,793
$650,793
$417,647
$436,471
$611,765
$294,118
$294,118
$611,765
$611,765
$611,765
$611,765
$294,118

$833,248
$833,248
$534,629
$558,772
$783,171
$376,522
$376,522
$783,171
$783,171
$783,171
$783,171
$376,522

$1,007,187
$1,007,187
$646,292
$675,396
$946,650
$455,141
$455,141
$946,650
$946,650
$946,650
$946,650
$455,141

$1,251,637
$1,251,637
$803,171
$839,386
$1,176,471
$565,627
$565,627
$1,176,471
$1,176,471
$1,176,471
$1,176,471
$565,627

CALVERT
CHARLES
FREDERICK
MONTGOMERY
PRINCE GEORGE’S
ANNE ARUNDEL
BALTIMORE
CARROLL
CECIL
HARFORD
HOWARD
KENT
QUEEN ANNE’S
ST. MARY’S
SOMERSET
TALBOT

MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD
MD

$650,793
$650,793
$650,793
$650,793
$650,793
$529,412
$529,412
$529,412
$388,235
$529,412
$529,412
$297,647
$529,412
$355,294
$323,529
$391,765

$833,248
$833,248
$833,248
$833,248
$833,248
$677,749
$677,749
$677,749
$496,982
$677,749
$677,749
$381,023
$677,749
$454,834
$414,169
$501,535

$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$819,233
$819,233
$819,233
$600,767
$819,233
$819,233
$460,563
$819,233
$549,770
$500,614
$606,240

$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,018,107
$1,018,107
$1,018,107
$746,598
$1,018,107
$1,018,107
$572,379
$1,018,107
$683,274
$622,148
$753,402

April 3, 2017

1050

Bulletin No. 2017–14

County Name
WICOMICO
WORCESTER
BALTIMORE CITY

State
MD
MD
MD

One-Unit
Limit
$323,529
$323,529
$529,412

Two-Unit
Limit
$414,169
$414,169
$677,749

Three-Unit
Limit
$500,614
$500,614
$819,233

CUMBERLAND
KNOX
SAGADAHOC
YORK

ME
ME
ME
ME

$311,765
$285,882
$311,765
$311,765

$399,079
$365,985
$399,079
$399,079

$482,404
$442,353
$482,404
$482,404

$599,540
$549,770
$599,540
$599,540

ANOKA
CARVER
CHISAGO
COOK
DAKOTA
HENNEPIN
ISANTI
LE SUEUR
MILLE LACS
RAMSEY
SCOTT
SHERBURNE
SIBLEY
WASHINGTON
WRIGHT

MN
MN
MN
MN
MN
MN
MN
MN
MN
MN
MN
MN
MN
MN
MN

$340,000
$340,000
$340,000
$289,412
$340,000
$340,000
$340,000
$340,000
$340,000
$340,000
$340,000
$340,000
$340,000
$340,000
$340,000

$435,243
$435,243
$435,243
$370,486
$435,243
$435,243
$435,243
$435,243
$435,243
$435,243
$435,243
$435,243
$435,243
$435,243
$435,243

$526,138
$526,138
$526,138
$447,826
$526,138
$526,138
$526,138
$526,138
$526,138
$526,138
$526,138
$526,138
$526,138
$526,138
$526,138

$653,862
$653,862
$653,862
$556,573
$653,862
$653,862
$653,862
$653,862
$653,862
$653,862
$653,862
$653,862
$653,862
$653,862
$653,862

BATES
CALDWELL
CASS
CLAY
CLINTON
JACKSON
LAFAYETTE
PLATTE
RAY

MO
MO
MO
MO
MO
MO
MO
MO
MO

$315,294
$315,294
$315,294
$315,294
$315,294
$315,294
$315,294
$315,294
$315,294

$403,632
$403,632
$403,632
$403,632
$403,632
$403,632
$403,632
$403,632
$403,632

$487,877
$487,877
$487,877
$487,877
$487,877
$487,877
$487,877
$487,877
$487,877

$606,343
$606,343
$606,343
$606,343
$606,343
$606,343
$606,343
$606,343
$606,343

COPIAH
HINDS
MADISON
RANKIN
SIMPSON
YAZOO

MS
MS
MS
MS
MS
MS

$288,235
$288,235
$288,235
$288,235
$288,235
$288,235

$369,003
$369,003
$369,003
$369,003
$369,003
$369,003

$446,036
$446,036
$446,036
$446,036
$446,036
$446,036

$554,271
$554,271
$554,271
$554,271
$554,271
$554,271

FALLON
FLATHEAD
GALLATIN
JEFFERSON
LEWIS AND CLARK

MT
MT
MT
MT
MT

$289,412
$308,235
$364,706
$292,941
$292,941

$370,486
$394,578
$466,854
$374,987
$374,987

$447,826
$476,982
$564,348
$453,299
$453,299

$556,573
$592,737
$701,330
$563,325
$563,325

Bulletin No. 2017–14

1051

Four-Unit
Limit
$622,148
$622,148
$1,018,107

April 3, 2017

County Name
MADISON
MISSOULA
SWEET GRASS

State
MT
MT
MT

One-Unit
Limit
$332,941
$302,353
$296,471

Two-Unit
Limit
$426,189
$387,059
$379,540

Three-Unit
Limit
$515,192
$467,877
$458,772

Four-Unit
Limit
$640,256
$581,432
$570,128

CAMDEN
PASQUOTANK
PERQUIMANS
CABARRUS
CHATHAM
CURRITUCK
DARE
DURHAM
FRANKLIN
GASTON
GATES
HYDE
IREDELL
JOHNSTON
LINCOLN
MECKLENBURG
ORANGE
PERSON
ROWAN
TYRRELL
UNION
WAKE

NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC
NC

$650,793
$650,793
$650,793
$287,059
$368,235
$469,412
$400,000
$368,235
$307,059
$287,059
$469,412
$494,118
$287,059
$307,059
$287,059
$287,059
$368,235
$368,235
$287,059
$400,000
$287,059
$307,059

$833,248
$833,248
$833,248
$367,468
$471,407
$600,921
$512,072
$471,407
$393,095
$367,468
$600,921
$632,532
$367,468
$393,095
$367,468
$367,468
$471,407
$471,407
$367,468
$512,072
$367,468
$393,095

$1,007,187
$1,007,187
$1,007,187
$444,194
$569,821
$726,394
$618,977
$569,821
$475,141
$444,194
$726,394
$764,604
$444,194
$475,141
$444,194
$444,194
$569,821
$569,821
$444,194
$618,977
$444,194
$475,141

$1,251,637
$1,251,637
$1,251,637
$552,020
$708,133
$902,711
$769,207
$708,133
$590,486
$552,020
$902,711
$950,230
$552,020
$590,486
$552,020
$552,020
$708,133
$708,133
$552,020
$769,207
$552,020
$590,486

BILLINGS
BURLEIGH
MCINTOSH
MCKENZIE
MORTON
OLIVER
SIOUX
STARK
WILLIAMS

ND
ND
ND
ND
ND
ND
ND
ND
ND

$347,059
$303,529
$291,765
$305,882
$303,529
$303,529
$303,529
$315,294
$337,647

$444,297
$388,542
$373,504
$391,560
$388,542
$388,542
$388,542
$403,632
$432,225

$537,033
$469,668
$451,458
$473,299
$469,668
$469,668
$469,668
$487,877
$522,455

$667,417
$583,683
$561,074
$588,235
$583,683
$583,683
$583,683
$606,343
$649,309

LINCOLN
LOGAN
MCPHERSON

NE
NE
NE

$443,529
$443,529
$443,529

$567,775
$567,775
$567,775

$686,343
$686,343
$686,343

$852,941
$852,941
$852,941

HILLSBOROUGH
ROCKINGHAM
STRAFFORD

NH
NH
NH

$304,706
$611,765
$611,765

$390,077
$783,171
$783,171

$471,509
$946,650
$946,650

$585,985
$1,176,471
$1,176,471

BERGEN
ESSEX

NJ
NJ

$650,793
$650,793

$833,248
$833,248

$1,007,187
$1,007,187

$1,251,637
$1,251,637

April 3, 2017

1052

Bulletin No. 2017–14

County Name
HUDSON
HUNTERDON
MIDDLESEX
MONMOUTH
MORRIS
OCEAN
PASSAIC
SOMERSET
SUSSEX
UNION
ATLANTIC
BURLINGTON
CAMDEN
CAPE MAY
GLOUCESTER
MERCER
SALEM
WARREN

State
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ
NJ

One-Unit
Limit
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$323,529
$388,235
$388,235
$423,529
$388,235
$352,941
$388,235
$381,176

Two-Unit
Limit
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$414,169
$496,982
$496,982
$542,199
$496,982
$451,816
$496,982
$487,980

Three-Unit
Limit
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$500,614
$600,767
$600,767
$655,396
$600,767
$546,138
$600,767
$589,821

Four-Unit
Limit
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$622,148
$746,598
$746,598
$814,476
$746,598
$678,721
$746,598
$733,043

CATRON
LOS ALAMOS
SANTA FE
TAOS

NM
NM
NM
NM

$404,706
$389,412
$376,471
$292,941

$518,107
$498,517
$481,944
$374,987

$626,240
$602,558
$582,558
$453,299

$778,261
$748,849
$723,990
$563,325

CLARK
DOUGLAS
STOREY
WASHOE
CARSON CITY

NV
NV
NV
NV
NV

$294,118
$370,588
$352,941
$352,941
$292,941

$376,522
$474,425
$451,816
$451,816
$374,987

$455,141
$573,453
$546,138
$546,138
$453,299

$565,627
$712,685
$678,721
$678,721
$563,325

BRONX
DUTCHESS
KINGS
NASSAU
NEW YORK
ORANGE
PUTNAM
QUEENS
RICHMOND
ROCKLAND
SUFFOLK
WESTCHESTER
ALBANY
RENSSELAER
SARATOGA
SCHENECTADY

NY
NY
NY
NY
NY
NY
NY
NY
NY
NY
NY
NY
NY
NY
NY
NY

$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$298,824
$298,824
$298,824
$298,824

$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$382,558
$382,558
$382,558
$382,558

$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$462,404
$462,404
$462,404
$462,404

$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$574,629
$574,629
$574,629
$574,629

Bulletin No. 2017–14

1053

April 3, 2017

State
NY

One-Unit
Limit
$298,824

Two-Unit
Limit
$382,558

Three-Unit
Limit
$462,404

Four-Unit
Limit
$574,629

DELAWARE
FAIRFIELD
FRANKLIN
HOCKING
LICKING
MADISON
MORROW
PERRY
PICKAWAY
UNION

OH
OH
OH
OH
OH
OH
OH
OH
OH
OH

$334,118
$334,118
$334,118
$334,118
$334,118
$334,118
$334,118
$334,118
$334,118
$334,118

$427,724
$427,724
$427,724
$427,724
$427,724
$427,724
$427,724
$427,724
$427,724
$427,724

$517,033
$517,033
$517,033
$517,033
$517,033
$517,033
$517,033
$517,033
$517,033
$517,033

$642,506
$642,506
$642,506
$642,506
$642,506
$642,506
$642,506
$642,506
$642,506
$642,506

BENTON
CLACKAMAS
CLATSOP
COLUMBIA
CURRY
DESCHUTES
HOOD RIVER
JACKSON
LINCOLN
MULTNOMAH
TILLAMOOK
WASHINGTON
YAMHILL

OR
OR
OR
OR
OR
OR
OR
OR
OR
OR
OR
OR
OR

$330,588
$417,647
$288,235
$417,647
$335,294
$350,588
$400,000
$287,059
$282,353
$417,647
$294,118
$417,647
$417,647

$423,223
$534,629
$369,003
$534,629
$429,207
$448,798
$512,072
$367,468
$361,432
$534,629
$376,522
$534,629
$534,629

$511,560
$646,292
$446,036
$646,292
$518,824
$542,506
$618,977
$444,194
$436,931
$646,292
$455,141
$646,292
$646,292

$635,754
$803,171
$554,271
$803,171
$644,808
$674,220
$769,207
$552,020
$542,967
$803,171
$565,627
$803,171
$803,171

PIKE
BUCKS
CARBON
CHESTER
DELAWARE
LEHIGH
MONTGOMERY
NORTHAMPTON
PHILADELPHIA

PA
PA
PA
PA
PA
PA
PA
PA
PA

$650,793
$388,235
$381,176
$388,235
$388,235
$381,176
$388,235
$381,176
$388,235

$833,248
$496,982
$487,980
$496,982
$496,982
$487,980
$496,982
$487,980
$496,982

$1,007,187
$600,767
$589,821
$600,767
$600,767
$589,821
$600,767
$589,821
$600,767

$1,251,637
$746,598
$733,043
$746,598
$746,598
$733,043
$746,598
$733,043
$746,598

BRISTOL
KENT
NEWPORT
PROVIDENCE
WASHINGTON

RI
RI
RI
RI
RI

$436,471
$436,471
$436,471
$436,471
$436,471

$558,772
$558,772
$558,772
$558,772
$558,772

$675,396
$675,396
$675,396
$675,396
$675,396

$839,386
$839,386
$839,386
$839,386
$839,386

BEAUFORT
BERKELEY
CHARLESTON

SC
SC
SC

$358,824
$365,882
$365,882

$459,335
$468,389
$468,389

$555,243
$566,189
$566,189

$690,026
$703,632
$703,632

County Name
SCHOHARIE

April 3, 2017

1054

Bulletin No. 2017–14

State
SC
SC
SC
SC
SC
SC

One-Unit
Limit
$287,059
$365,882
$335,294
$358,824
$287,059
$287,059

Two-Unit
Limit
$367,468
$468,389
$429,207
$459,335
$367,468
$367,468

Three-Unit
Limit
$444,194
$566,189
$518,824
$555,243
$444,194
$444,194

Four-Unit
Limit
$552,020
$703,632
$644,808
$690,026
$552,020
$552,020

CANNON
CHEATHAM
DAVIDSON
DICKSON
HICKMAN
MACON
MAURY
ROBERTSON
RUTHERFORD
SMITH
SUMNER
TROUSDALE
WILLIAMSON
WILSON

TN
TN
TN
TN
TN
TN
TN
TN
TN
TN
TN
TN
TN
TN

$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647
$477,647

$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458
$611,458

$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130
$739,130

$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568
$918,568

ATASCOSA
AUSTIN
BANDERA
BASTROP
BEXAR
BRAZORIA
CALDWELL
CHAMBERS
COLLIN
COMAL
DALLAS
DENTON
ELLIS
FORT BEND
GALVESTON
GILLESPIE
GUADALUPE
HARRIS
HAYS
HOOD
HUNT
JOHNSON
KAUFMAN
KENDALL

TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX

$335,294
$338,824
$335,294
$369,412
$335,294
$338,824
$369,412
$338,824
$370,588
$335,294
$370,588
$370,588
$370,588
$338,824
$338,824
$288,235
$335,294
$338,824
$369,412
$370,588
$370,588
$370,588
$370,588
$335,294

$429,207
$433,760
$429,207
$472,890
$429,207
$433,760
$472,890
$433,760
$474,425
$429,207
$474,425
$474,425
$474,425
$433,760
$433,760
$369,003
$429,207
$433,760
$472,890
$474,425
$474,425
$474,425
$474,425
$429,207

$518,824
$524,297
$518,824
$571,611
$518,824
$524,297
$571,611
$524,297
$573,453
$518,824
$573,453
$573,453
$573,453
$524,297
$524,297
$446,036
$518,824
$524,297
$571,611
$573,453
$573,453
$573,453
$573,453
$518,824

$644,808
$651,560
$644,808
$710,384
$644,808
$651,560
$710,384
$651,560
$712,685
$644,808
$712,685
$712,685
$712,685
$651,560
$651,560
$554,271
$644,808
$651,560
$710,384
$712,685
$712,685
$712,685
$712,685
$644,808

County Name
CHESTER
DORCHESTER
GEORGETOWN
JASPER
LANCASTER
YORK

Bulletin No. 2017–14

1055

April 3, 2017

State
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX
TX

One-Unit
Limit
$338,824
$291,765
$335,294
$291,765
$338,824
$370,588
$370,588
$370,588
$370,588
$369,412
$338,824
$369,412
$335,294
$370,588

Two-Unit
Limit
$433,760
$373,504
$429,207
$373,504
$433,760
$474,425
$474,425
$474,425
$474,425
$472,890
$433,760
$472,890
$429,207
$474,425

Three-Unit
Limit
$524,297
$451,458
$518,824
$451,458
$524,297
$573,453
$573,453
$573,453
$573,453
$571,611
$524,297
$571,611
$518,824
$573,453

Four-Unit
Limit
$651,560
$561,074
$644,808
$561,074
$651,560
$712,685
$712,685
$712,685
$712,685
$710,384
$651,560
$710,384
$644,808
$712,685

SUMMIT
BOX ELDER
DAGGETT
DAVIS
JUAB
MORGAN
RICH
SALT LAKE
TOOELE
UTAH
WASATCH
WASHINGTON
WEBER

UT
UT
UT
UT
UT
UT
UT
UT
UT
UT
UT
UT
UT

$650,793
$398,824
$309,412
$398,824
$331,765
$398,824
$303,529
$336,471
$336,471
$331,765
$420,000
$309,412
$398,824

$833,248
$510,537
$396,113
$510,537
$424,706
$510,537
$388,542
$430,742
$430,742
$424,706
$537,647
$396,113
$510,537

$1,007,187
$617,136
$478,772
$617,136
$513,350
$617,136
$469,668
$520,665
$520,665
$513,350
$649,923
$478,772
$617,136

$1,251,637
$766,957
$595,038
$766,957
$638,005
$766,957
$583,683
$647,059
$647,059
$638,005
$807,673
$595,038
$766,957

ARLINGTON
CLARKE
CULPEPER
FAIRFAX
FAUQUIER
LOUDOUN
PRINCE WILLIAM
RAPPAHANNOCK
SPOTSYLVANIA
STAFFORD
WARREN
ALEXANDRIA CITY
FAIRFAX CITY
FALLS CHURCH CI
FREDERICKSBURG
MANASSAS CITY
MANASSAS PARK C

VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA

$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793
$650,793

$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248
$833,248

$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187
$1,007,187

$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637
$1,251,637

County Name
LIBERTY
MARTIN
MEDINA
MIDLAND
MONTGOMERY
PARKER
ROCKWALL
SOMERVELL
TARRANT
TRAVIS
WALLER
WILLIAMSON
WILSON
WISE

April 3, 2017

1056

Bulletin No. 2017–14

County Name
ALBEMARLE
AMELIA
AMHERST
APPOMATTOX
BEDFORD
BUCKINGHAM
CAMPBELL
CAROLINE
CHARLES CITY
CHESTERFIELD
DINWIDDIE
FLOYD
FLUVANNA
FREDERICK
GILES
GLOUCESTER
GOOCHLAND
GREENE
HANOVER
HENRICO
ISLE OF WIGHT
JAMES CITY
KING GEORGE
KING WILLIAM
LANCASTER
MATHEWS
MONTGOMERY
NELSON
NEW KENT
NORTHUMBERLAND
POWHATAN
PRINCE GEORGE
PULASKI
ROCKINGHAM
SUSSEX
YORK
BEDFORD CITY
CHARLOTTESVILLE
CHESAPEAKE CITY
COLONIAL HEIGHT
HAMPTON CITY
HARRISONBURG CI
HOPEWELL CITY
LEXINGTON CITY
LYNCHBURG CITY
NEWPORT NEWS CI

Bulletin No. 2017–14

State
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA

One-Unit
Limit
$447,059
$548,235
$298,824
$298,824
$298,824
$447,059
$298,824
$548,235
$548,235
$548,235
$548,235
$298,824
$447,059
$288,235
$298,824
$469,412
$548,235
$447,059
$548,235
$548,235
$469,412
$469,412
$358,824
$548,235
$452,941
$469,412
$298,824
$447,059
$548,235
$325,882
$548,235
$548,235
$298,824
$283,529
$548,235
$469,412
$298,824
$447,059
$469,412
$548,235
$469,412
$283,529
$548,235
$297,647
$298,824
$469,412

1057

Two-Unit
Limit
$572,327
$701,841
$382,558
$382,558
$382,558
$572,327
$382,558
$701,841
$701,841
$701,841
$701,841
$382,558
$572,327
$369,003
$382,558
$600,921
$701,841
$572,327
$701,841
$701,841
$600,921
$600,921
$459,335
$701,841
$579,847
$600,921
$382,558
$572,327
$701,841
$417,187
$701,841
$701,841
$382,558
$362,967
$701,841
$600,921
$382,558
$572,327
$600,921
$701,841
$600,921
$362,967
$701,841
$381,023
$382,558
$600,921

Three-Unit
Limit
$691,765
$848,338
$462,404
$462,404
$462,404
$691,765
$462,404
$848,338
$848,338
$848,338
$848,338
$462,404
$691,765
$446,036
$462,404
$726,394
$848,338
$691,765
$848,338
$848,338
$726,394
$726,394
$555,243
$848,338
$700,870
$726,394
$462,404
$691,765
$848,338
$504,297
$848,338
$848,338
$462,404
$438,721
$848,338
$726,394
$462,404
$691,765
$726,394
$848,338
$726,394
$438,721
$848,338
$460,563
$462,404
$726,394

Four-Unit
Limit
$859,744
$1,054,322
$574,629
$574,629
$574,629
$859,744
$574,629
$1,054,322
$1,054,322
$1,054,322
$1,054,322
$574,629
$859,744
$554,271
$574,629
$902,711
$1,054,322
$859,744
$1,054,322
$1,054,322
$902,711
$902,711
$690,026
$1,054,322
$871,049
$902,711
$574,629
$859,744
$1,054,322
$626,701
$1,054,322
$1,054,322
$574,629
$545,217
$1,054,322
$902,711
$574,629
$859,744
$902,711
$1,054,322
$902,711
$545,217
$1,054,322
$572,379
$574,629
$902,711

April 3, 2017

County Name
NORFOLK CITY
PETERSBURG CITY
POQUOSON CITY
PORTSMOUTH CITY
RADFORD CITY
RICHMOND CITY
SUFFOLK CITY
VIRGINIA BEACH
WILLIAMSBURG CI
WINCHESTER CITY

State
VA
VA
VA
VA
VA
VA
VA
VA
VA
VA

One-Unit
Limit
$469,412
$548,235
$469,412
$469,412
$298,824
$548,235
$469,412
$469,412
$469,412
$288,235

Two-Unit
Limit
$600,921
$701,841
$600,921
$600,921
$382,558
$701,841
$600,921
$600,921
$600,921
$369,003

Three-Unit
Limit
$726,394
$848,338
$726,394
$726,394
$462,404
$848,338
$726,394
$726,394
$726,394
$446,036

Four-Unit
Limit
$902,711
$1,054,322
$902,711
$902,711
$574,629
$1,054,322
$902,711
$902,711
$902,711
$554,271

BENNINGTON
CHITTENDEN
FRANKLIN
GRAND ISLE
LAMOILLE

VT
VT
VT
VT
VT

$283,529
$350,588
$350,588
$350,588
$282,353

$362,967
$448,798
$448,798
$448,798
$361,432

$438,721
$542,506
$542,506
$542,506
$436,931

$545,217
$674,220
$674,220
$674,220
$542,967

CHELAN
CLALLAM
CLARK
DOUGLAS
ISLAND
JEFFERSON
KING
KITSAP
PIERCE
SAN JUAN
SKAGIT
SKAMANIA
SNOHOMISH
THURSTON
WHATCOM

WA
WA
WA
WA
WA
WA
WA
WA
WA
WA
WA
WA
WA
WA
WA

$350,588
$392,941
$417,647
$350,588
$335,294
$329,412
$605,882
$317,647
$605,882
$494,118
$322,353
$417,647
$605,882
$304,706
$328,235

$448,798
$503,018
$534,629
$448,798
$429,207
$421,688
$775,652
$406,650
$775,652
$632,532
$412,634
$534,629
$775,652
$390,077
$420,205

$542,506
$608,031
$646,292
$542,506
$518,824
$509,719
$937,545
$491,509
$937,545
$764,604
$498,824
$646,292
$937,545
$471,509
$507,928

$674,220
$755,652
$803,171
$674,220
$644,808
$633,504
$1,165,166
$610,844
$1,165,166
$950,230
$619,898
$803,171
$1,165,166
$585,985
$631,202

COLUMBIA
DANE
GREEN
IOWA
KENOSHA
MILWAUKEE
OZAUKEE
PIERCE
ST. CROIX
WASHINGTON
WAUKESHA

WI
WI
WI
WI
WI
WI
WI
WI
WI
WI
WI

$292,941
$292,941
$292,941
$292,941
$374,118
$305,882
$305,882
$340,000
$340,000
$305,882
$305,882

$374,987
$374,987
$374,987
$374,987
$478,926
$391,560
$391,560
$435,243
$435,243
$391,560
$391,560

$453,299
$453,299
$453,299
$453,299
$578,926
$473,299
$473,299
$526,138
$526,138
$473,299
$473,299

$563,325
$563,325
$563,325
$563,325
$719,437
$588,235
$588,235
$653,862
$653,862
$588,235
$588,235

JEFFERSON

WV

$650,793

$833,248

$1,007,187

$1,251,637

April 3, 2017

1058

Bulletin No. 2017–14

County Name
HAMPSHIRE

State
WV

One-Unit
Limit
$288,235

Two-Unit
Limit
$369,003

Three-Unit
Limit
$446,036

Four-Unit
Limit
$554,271

TETON
SHERIDAN
SUBLETTE
SWEETWATER

WY
WY
WY
WY

$650,793
$315,294
$294,118
$323,529

$833,248
$403,632
$376,522
$414,169

$1,007,187
$487,877
$455,141
$500,614

$1,251,637
$606,343
$565,627
$622,148

GUAM

GU

$576,471

$738,005

$892,072

$1,108,593

NORTHERN ISLAND
ROTA
SAIPAN
TINIAN

MP
MP
MP
MP

$536,471
$420,000
$541,176
$544,706

$686,752
$537,647
$692,788
$697,340

$830,128
$649,923
$837,442
$842,916

$1,031,662
$807,673
$1,040,716
$1,047,519

AGUAS BUENAS
AIBONITO
BARCELONETA
BARRANQUITAS
BAYAMON
CAGUAS
CANOVANAS
CAROLINA
CATANO
CAYEY
CEIBA
CIALES
CIDRA
COMERIO
COROZAL
CULEBRA
DORADO
FAJARDO
FLORIDA
GUAYNABO
GURABO
HUMACAO
JUNCOS
LAS PIEDRAS
LOIZA
LUQUILLO
MANATI
MAUNABO
MOROVIS
NAGUABO
NARANJITO
OROCOVIS

PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR
PR

$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$289,412
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118

$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$370,486
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552

$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$447,826
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872

$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$556,573
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903

Bulletin No. 2017–14

1059

April 3, 2017

County Name
RIO GRANDE
SAN JUAN
SAN LORENZO
TOA ALTA
TOA BAJA
TRUJILLO ALTO
VEGA ALTA
VEGA BAJA
YABUCOA

State
PR
PR
PR
PR
PR
PR
PR
PR
PR

One-Unit
Limit
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118
$394,118

Two-Unit
Limit
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552
$504,552

Three-Unit
Limit
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872
$609,872

Four-Unit
Limit
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903
$757,903

ST. CROIX ISLAN
ST. JOHN ISLAND
ST. THOMAS ISLA

VI
VI
VI

$335,294
$637,647
$456,471

$429,207
$816,317
$584,348

$518,824
$986,701
$706,343

$644,808
$1,226,240
$877,852

$282,010

$361,074

$436,445

$542,353

All other areas - 2591
counties (floor):
.02 The nationwide average purchase
price (for use in the housing cost/income
ratio for new and existing residences) is
$276,100.
SECTION 5. EFFECT ON OTHER
DOCUMENTS
Rev. Proc. 2016 –25 is obsolete except
as provided in section 6 of this revenue
procedure.
SECTION 6. EFFECTIVE DATES
.01 Issuers may rely on this revenue
procedure to determine average area purchase price safe harbors for commitments
to provide financing or issue mortgage
credit certificates that are made, or (if the
purchase precedes the commitment) for
residences that are purchased, in the period that begins on March 17, 2017, and
ends on the date as of which the safe
harbors contained in section 4.01 of this
revenue procedure are rendered obsolete
by a new revenue procedure.
.02 Notwithstanding section 5 of this
revenue procedure, issuers may continue
to rely on the average area purchase price
safe harbors contained in Rev. Proc.
2016 –25, with respect to bonds sold, or
for mortgage credit certificates issued
with respect to bond authority exchanged,
before April 16, 2017, if the commitments
to provide financing or issue mortgage

April 3, 2017

credit certificates are made on or before
May 16, 2017.
.03 Except as provided in section 6.04,
issuers must use the nationwide average
purchase price limitation contained in this
revenue procedure for commitments to
provide financing or issue mortgage credit
certificates that are made, or (if the purchase precedes the commitment) for residences that are purchased, in the period
that begins on March 17, 2017, and ends
on the date when the nationwide average
purchase price limitation is rendered obsolete by a new revenue procedure.
.04 Notwithstanding sections 5 and
6.03 of this revenue procedure, issuers
may continue to rely on the nationwide
average purchase price set forth in Rev.
Proc. 2016 –25 with respect to bonds sold,
or for mortgage credit certificates issued
with respect to bond authority exchanged,
before April 16, 2017, if the commitments
to provide financing or issue mortgage
credit certificates are made on or before
May 16, 2017.
SECTION 7. PAPERWORK
REDUCTION ACT
The collection of information contained in this revenue procedure has been
reviewed and approved by the Office of
Management and Budget in accordance
with the Paperwork Reduction Act (44

1060

U.S.C. 3507) under control number 15451877.
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays
a valid OMB control number.
This revenue procedure contains a collection of information requirement in
section 3.03. The purpose of the collection
of information is to verify the applicable
FHA loan limit that issuers of qualified
mortgage bonds and qualified mortgage
certificates have used to calculate the average area purchase price for a given metropolitan statistical area for purposes of
sections 143(e) and 25(c). The collection
of information is required to obtain the
benefit of using revisions to FHA loan
limits to determine average area purchase
prices. The likely respondents are state
and local governments.
The estimated total annual reporting
and/or recordkeeping burden is: 15 hours.
The estimated annual burden per respondent and/or recordkeeper: 15 minutes.
The estimated number of respondents
and/or recordkeepers: 60.
Books or records relating to a collection of information must be retained as
long as their contents may become material in the administration of any internal
revenue law. Generally tax returns and tax
return information are confidential, as required by 26 U.S.C. 6103.

Bulletin No. 2017–14

SECTION 8. DRAFTING
INFORMATION
The principal authors of this revenue
procedure are David White and Timothy
Jones of the Office of Associate Chief
Counsel (Financial Institutions & Products). For further information regarding
this revenue procedure contact David
White on (202) 317-4562 (not a toll-free
number).
26 CFR 31.6402(a)–2. Credit or refund of tax under
Federal Insurance Contributions Act or Railroad
Retirement Tax Act.
(Also: 3101, 3111, 3201, 3221, 6001, 6065, and
6402)

REV. PROC. 2017–28
SECTION 1. PURPOSE
.01 The purpose of this revenue procedure is to provide guidance to employers
on the requirements for employee consent
used by an employer to support a claim
for credit or refund1 of overpaid taxes
under the Federal Insurance Contributions
Act (FICA) and the Railroad Retirement
Tax Act (RRTA) pursuant to § 6402 of the
Internal Revenue Code and § 31.6402(a)–2
of the Employment Tax Regulations. FICA
taxes include the old-age, survivors, and
disability insurance taxes imposed on employees under § 3101(a) and on employers
under § 3111(a) (also known as social security taxes) and the hospital insurance tax
imposed on employees under § 3101(b) and
on employers under § 3111(b) (also
known as Medicare taxes). Under RRTA,
railroad employment is subject to a system of taxes separate and distinct from the
taxes imposed under FICA, which covers
most other employees. Tier 1 RRTA
taxes, imposed under §§ 3201(a), 3211(a),
and 3221(a), provide benefits equivalent
to social security and Medicare benefits.
.02 This revenue procedure clarifies the
basic requirements for both a request for
employee consent and for the employee
consent, including the requirement that an
employee consent must include the basis
for the claim for refund and be signed by
the employee under penalties of perjury.
1

In addition, this revenue procedure permits, but does not require, employee consent to be requested, furnished, and retained
in an electronic format as an alternative to a
paper format. It also contains guidance concerning what constitutes “reasonable efforts” if employee consent is not secured in
order to permit the employer to claim a
refund of the employer share of overpaid
FICA or RRTA taxes.

cation number or if the employee furnishes the number via the consent.2
.02 This revenue procedure also adds a
new requirement that all requests for consent must indicate that an employee cannot authorize the employer to claim a refund on the employee’s behalf for any
overpaid Additional Medicare Tax. See section 3.02 of this revenue procedure for an
explanation of Additional Medicare Tax.

SECTION 2. PRINCIPAL CHANGES
FROM DRAFT REVENUE
PROCEDURE

SECTION 3. SCOPE

.01 In Notice 2015–15, 2015–9 I.R.B.
687, the Internal Revenue Service (IRS)
asked for comments concerning a proposed revenue procedure (included in the
notice) providing guidance to employers
on employee consents used to support a
claim for refund for overpaid FICA and
RRTA taxes. After considering the public
comments, this revenue procedure adopts
the proposed revenue procedure with certain minor changes. Some commentators
asked that the amount of time afforded an
employee to respond to a request for consent be reduced from 45 to 21 days. This
revenue procedure does not reduce the
time period because the IRS is concerned
that 21 days may not be a sufficient
amount of time for an employee to consider and respond to a request for consent.
However, in response to these comments,
this revenue procedure shortens the time
to respond to a second request for consent
from 45 to 21 days. Other commentators
expressed concerns about identity theft,
requesting clarification whether a truncated
taxpayer identification number (TTIN)
might be used in a consent. In response to
these comments, this revenue procedure
permits the use of a TTIN in place of the
complete social security number (SSN) of
the employee if the employer prepares a
consent for the employee to sign and prepopulates the employee’s taxpayer identification number with the TTIN. A TTIN
may not be used if the employer merely
requests that the employee provide an
SSN as the employee’s taxpayer identifi-

.01 This revenue procedure applies to
employee consents that are used by an
employer to support a claim for refund of
overpaid FICA or RRTA taxes. Section
31.6402(a)–2 provides rules under which
a refund claim for an overpayment of
FICA or RRTA tax may be made. For
ease of reading, the remainder of the revenue procedure will discuss FICA taxes
and wages, but this revenue procedure
applies equally to RRTA taxes and RRTA
compensation. However, any references
to Medicare tax or FICA tax in this revenue procedure do not include Additional
Medicare Tax imposed by § 3101(b)(2).
.02 Under § 3102(f), an employer is responsible for withholding the 0.9% Additional Medicare Tax from the wages it pays
to an employee in excess of $200,000 in a
calendar year. However, under § 31.6402(a)–
2(a)(1)(iii), employers may claim a refund
of overpaid Additional Medicare Tax only
if the employer did not withhold the overpaid Additional Medicare Tax from the
employee’s wages. An employee may
claim a refund of overpaid Additional
Medicare Tax on Form 1040, U.S. Individual Income Tax Return, or, if the employee has previously filed Form 1040 for
the year, on Form 1040X, Amended U.S.
Individual Income Tax Return. Since employees may not be aware that a refund
will not include overpaid Additional
Medicare Tax, any employer request for
consent must clearly inform the employee
that the employee cannot authorize the
employer to claim a refund on the employee’s behalf for any overpaid Additional Medicare Tax. See section 6.01 of
this revenue procedure.

For ease of reading, the revenue procedure will refer to “claim,” “claim for refund,” or “refund claim” interchangeably, and these terms will include a claim for credit.

2

Some of the comments received were beyond the scope of this revenue procedure and are not addressed in this revenue procedure. Specifically, several commentators requested guidance
on when consent is required under certain identified fact patterns, rather than addressing the required content of a request for consent or the employee consent. Those comments may be
addressed in future guidance.

Bulletin No. 2017–14

1061

April 3, 2017