Maine Bill Would Create State LIHTC for Bond-Financed Properties

Wednesday, March 27, 2019 - 10:00AM

Legislation introduced in Maine would create a state low-income housing tax credit (LIHTC). S.B. 1265 would create a state credit for owners of low-income housing developments that qualify for the federal LIHTC and are financed with tax-exempt bonds. The credit would have an annual statewide cap of $42 million, would be taken over six years and would be effective beginning Jan. 1, 2020.

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