Kentucky Legislation Would Create State LIHTC

Tuesday, February 4, 2020 - 12:45pm

A bill introduced this week in the Kentucky legislature would create a state low-income housing tax credit (LIHTC) equal to the federal LIHTC. H.B. 371 would introduce the state LIHTC for five years and would first be available to properties placed in service on or after Jan. 1, 2021. The credit could be taken against the state income and insurance taxes.