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Arizona Introduces Bill to Extend, Expand State LIHTC

Wednesday, January 25, 2023 - 2:30PM

Legislators in Arizona introduced a bill Monday to extend the state’s low-income housing tax credit (LIHTC) expiration from Dec. 31, 2025, to Dec. 31, 2031. H.B. 2318 would raise the annual state cap from $4 million to $12 million beginning in 2024. The credit is worth at least 50% of the federal credit for each year during the federal credit period and can be carried forward five years.

Learn more about the LIHTC from the experts at the Novogradac 2023 Affordable Housing Conference April 27-28 in San Francisco.

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