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Florida Legislation Would Exempt Certain LIHTC Properties from All Property Tax

Tuesday, May 11, 2021 - 4:00PM

A bill that would make certain low-income housing tax credit (LIHTC) property in Florida exempt from property taxes has passed both houses of the state Legislature, but awaits agreement on amendments before going to Gov. Ron DeSantis. H.B. 7061 would increase the current 50% exemption from taxes to 100% for properties that contain at least 70 units of affordable housing.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet provide the basics of the LIHTC incentive, including the interaction with state LIHTCs.

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