Bill Introduced to Create State LIHTC in Mississippi
Legislation introduced in the Mississippi Senate would create a state low-income housing tax credit (LIHTC). S.B. 3057 would provide state LIHTCs for up to the federal LIHTC amount received by a property, with an annual statewide cap of $4 million. The credit would apply to properties placed in service after July 1, 2023.
The nexus of federal and state LIHTCs will be a topic at the Novogradac 2023 Affordable Housing Conference, April 27-28 in San Francisco.