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Kansas Bill Would Create State-Level LIHTC Incentive

Wednesday, January 26, 2022 - 12:30PM

Legislation introduced in the Kansas Senate would create a state low-income housing tax credit (LIHTC) for taxable years beginning after Dec. 31, 2022. S.B. 369 would create a state affordable housing credit equal to the federal LIHTC for each property. The credit could be carried forward  up to 11 years. The four states that border Kansas–Nebraska, Colorado, Oklahoma and Missouri–all have state LIHTCs.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet provides an introduction to the LIHTC incentive, including the interaction of state and federal credits.

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