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Missouri Bill Would Limit State LIHTC, Set Sunset Date

Wednesday, March 3, 2021 - 8:30AM

Legislation in the Missouri Legislature would reduce the annual allocation of the state low-income housing tax credit (LIHTC) from $6 million to $2 million and would set an aggregate cap of $80 million on LIHTCs for properties financed with 9% LIHTCs. H.B. 1095 includes reductions on several Missouri state credits. The bill would add a sunset date of Dec. 31, 2027 for the state LIHTC.

The pairing of state and federal LIHTCs will be a topic at the Novogradac 2021 Affordable Housing Virtual Conference, April 29-30.

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