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Arizona State LIHTC Legislation Advances to House Vote

Thursday, March 7, 2019 - 1:30PM

Legislation in Arizona to create a state low-income housing tax credit (LIHTC) matching the amount of its federal LIHTC award passed the House Ways and Means Committee and is now before the entire House. HB 2365 would take effect for properties placed in service after June 30, 2020, with an annual statewide cap of $12 million. No more than 20 percent of the credits each year could be awarded to projects financed through tax-exempt bonds.

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