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Arizona Senate Considers Bill to Create State LIHTC

Thursday, March 12, 2020 - 4:30PM

The Arizona Senate Appropriations Committee this week passed a bill to create an affordable housing tax credit worth at least 50 percent of the federal low-income housing tax credit. H.B. 2732 would institute the credit for taxable years beginning Jan. 1, 2021, and would apply to properties placed in service after June 30, 2021. There would be a statewide annual cap of $8 million. H.B. 2732 was passed by the House and now goes to the full Senate. 

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