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Legislation Would Cap Missouri Annual State Allocation at Half of Federal Allocation

Thursday, January 17, 2019 - 9:15AM

Legislation was introduced in Missouri to limit the state low-income housing tax credit (LIHTC) annual allocation to no more than 50 percent of the federal LIHTC amount allocated to the state. The state LIHTC currently has a maximum of the federal amount on 9 percent credits and a $6 million cap for 4 percent credits, although no state LIHTCs have been issued the past two years, due to a dispute over the program.

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