Low-Income Housing Tax Credit:
State LIHTCs
2011 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. The following chart is intended for summary-purposes only. As state LIHTC programs vary widely, we recommend that you gather complete details from the appropriate state agency. Some of the information listed below is based on estimates.
Please e-mail cpas@novoco.com with any questions or with additional information about programs in your state.
| State | Estimated Tax Credits Available in 2011 |
Bifurcated from Federal LIHTC? | Credit Period | Type of Credit# |
| Arkansas | $250,000 | Yes | 10 years | 9 percent |
| California | $129,000,000 | Yes | 4 years | Both |
| Connecticut | $10,000,000 | Yes | Other | Other |
| Georgia | TBD | Yes | 10 years | Both |
| Hawaii | $2,942,553 | Yes | 10 years | 9 percent |
| Illinois | $15,226,286 | Yes | 1 year | Other |
| Massachusetts | $10,000,000 | Yes | 5 years | Other |
| Missouri | $13,200,000 | Yes | 10 years | Both |
| New Mexico | $3,800,000 | Yes | 5 years | 9 percent |
| New York | $4,000,000 | No | 10 years | 9 percent |
| North Carolina | Contact NCHFA for information | N/A | N/A | Other |
| Puerto Rico | Not Available | Not Available | Not Available | Not Available |
| Utah | $348,071 | Yes | 10 years | 9 percent |
| Vermont | $400,000 | Yes | 5 years | 9 percent |
TBD indicates that estimates are still to be determined. Novogradac & Company LLP is currently updating this information with the appropriate state agency.
# Type of credit = is the state LIHTC a 9 percent credit, 4 percent credit, or another type of credit