Missouri Legislation to Limit State LIHTC Allocation Reintroduced

Wednesday, January 12, 2022 - 12:00pm

Legislation introduced in the Missouri Legislature would limit the annual allocation of the state low-income housing tax credit (LIHTC) to 70% of the federal 9% LIHTC allocation amount and reduce the state’s 4% LIHTC annual cap from $6 million to $4 million. S.B. 860 is similar to legislation that has been introduced in each of the previous five years.

The interaction of state and federal LIHTCs are among the topics at the virtual Novogradac 2022 Affordable Housing Developers Conference, beginning Thursday.