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Colorado Legislation to Extend State LIHTC Through 2031 Goes to Governor

Wednesday, May 25, 2022 - 10:15AM

Legislation to extend the state low-income housing tax credit (LIHTC) through 2031 passed both houses of the Legislature and is on the desk of Gov. Jared Polis. H.B. 1051 extends the sunset date for the credit from Dec. 31, 2024, to Dec. 31, 2031. The legislation also provides that state credits allocated to developments in counties impacted by federally declared disasters–solely for leveraging state and federal natural disaster funds–do not count against the annual state cap.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet is an introduction to the basics of the federal and state LIHTC.

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