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Bill To Increase Utah’s Annual State LIHTC Cap Advances

Monday, January 30, 2017 - 11:00AM

The Utah House of Representatives approved a bill last week to nearly triple the state low-income housing tax credit (LIHTC), sending the bill to the state Senate for consideration. HB 36 would boost the annual statewide cap from 12.5 cents per person to 34.5 cents per person, effective Jan. 1, 2017. Based on 2015 population figures, that would mean a jump from $375,000 annually to $1.03 million per year.

 

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