Montana State Senator Introduces Legislation for Workforce Housing Tax Credit

Wednesday, December 12, 2018 - 3:30pm

The Montana state Senate will consider legislation that would create a state workforce housing tax credit in 2022 that largely mirrors the federal Low-Income Housing Tax Credit (LIHTC) program. State Sen. Maggie MacDonald introduced SB 18, which would establish an annual allocation of up to $8.5 million in state credits, which would be allocated to match 4 percent federal LIHTC allocations, beginning Jan. 1, 2022.