Bill Would Eliminate Small-County Requirement for Oklahoma LIHTC

Thursday, January 17, 2019 - 9:15am

A bill introduced in the Oklahoma Legislature would modify the state low-income housing tax credit, eliminating a requirement that qualifying developments be in counties with a population of less than 150,000 and shortening the credit period from 10 to five years for properties placed in service after the effective date of the bill. Oklahoma’s state LIHTC has a $4 million statewide cap. If enacted, the bill would be effective Nov. 1.