Low-Income Housing Tax Credit:
State LIHTCs
2004 State Tax Credit Information
Please e-mail cpas@novoco.com with any questions or with additional information about programs in your state.
| State | Estimated Tax Credits Available in 2004 |
Bifurcated from Federal LIHTC? | Credit Period |
| Arkansas | $250,000 | Yes | 5 years |
| California | $70 million | No | 4 years |
| Connecticut | $5 million | Yes | 1 year |
| Georgia | $13.7 million | Yes | 10 years |
| Hawaii | $6 million | Yes | 10 years |
| Illinois | $13 million | Yes | 1 year |
| Massachusetts | $4 million | Yes | 5 years |
| Missouri | $9.8 million | Yes | 10 years |
| New York | $2 million | No | 10 years |
| North Carolina | $Up to 10.5 million | Yes | 5 years |
| Oregon | $7 million | Yes | term of loan, not to exceed 20 years |
| Puerto Rico | $15 million | Yes | 10 years |
| Utah | $289,532 | Yes | 10 years |
| Vermont | $150,000 | No | 5 years |
| Virginia | $500,000 | Yes | 5 years |