Nevada Governor Signs State LIHTC Bill into Law

Thursday, June 13, 2019 - 12:15pm

Nevada Gov. Steve Sisolak this week signed legislation into law that creates a state low-income housing tax credit (LIHTC). S.B. 448 creates a transferable state LIHTC with an annual statewide cap of $10 million that can be carried forward if unused. The state LIHTC has a sunset date of Jan. 1, 2030. Nevada becomes the 18th state with a state LIHTC incentive.