In various embodiments, a resource allocation management circuit may allocate a plurality of different types of hardware resources (e.g., different types of registers) to a plurality of threads. The different types of hardware resources may correspond to a plurality of hardware resource allocation circuits. The resource allocation management circuit may track allocation of the hardware resources to the threads using state identification values of the threads. In response to determining that fewer than a respective requested number of one or more types of the hardware resources are available, the resource allocation management circuit may identify one or more threads for deallocation. As a result, the hardware resource allocation system may allocate hardware resources to threads more efficiently (e.g., may deallocate hardware resources allocated to fewer threads), as compared to a hardware resource allocation system that does not track allocation of hardware resources to threads using state identification values.