Low-Income Housing Tax Credit:
State LIHTCs
2006 State Tax Credit Information
* Please note these figures refer to state low-income housing tax credit programs - not the federal LIHTC program. Amounts of federal LIHTCs available for each state can be found here.
To further track the growth and success of state LIHTC programs, Novogradac & Company LLP is continuing to gather information for the LIHTC Monthly Report and the Affordable Housing Resource Center. Please e-mail cpas@novoco.com with any questions or with additional information about programs in your state.
| State | Estimated Tax Credits Available in 2006 |
Bifurcated from Federal LIHTC? | Credit Period |
| Arkansas | $250,000 | Yes | 10 years |
| California | $78 million | No | 4 years |
| Connecticut | $5 million | Yes | 10 years |
| Georgia | $13.7 million | Yes | 10 years |
| Hawaii | $6 million | Yes | 10 years |
| Illinois | $11,362,089 | n/a | n/a |
| Louisiana | n/a | n/a | 4 years |
| Massachusetts | $4 million | Yes | 5 years |
| Missouri | $9.8 million | Yes | 10 years |
| New York | $8 million | Unknown | 10 years |
| North Carolina | $Up to 10.5 million | Yes | 5 years |
| Puerto Rico | n/a | n/a | 10 years |
| Utah | $289,532 | Yes | 10 years |
| Virginia | $500,000 | Yes | 5 years |
| Vermont | $150,000 | Unknown | 5 years |