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Hawaii Legislation Would Make State LIHTC Permanent

Thursday, January 23, 2020 - 4:00PM

A bill introduced in the Hawaii state Senate would permanently extend the state low-income housing tax credit (LIHTC) and require that all state credits be taken over five years. S.B. 2970 would eliminate the Dec. 31, 2021, sunset date for the state’s LIHTC and would change a previous condition that assigned any LIHTCs not claimed in the first five years after the property has been placed in service to the sixth year.

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