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Oklahoma Bill Would Double Annual Statewide Cap for LIHTC

Tuesday, January 26, 2021 - 9:45AM

Legislation introduced in the Oklahoma House of Representatives would increase the annual cap for the state low-income housing tax credit (LIHTC) to $8 million. H.B. 2345 would double the current $4 million statewide cap and would become effective Jan. 1, 2022. The Oklahoma state LIHTC is worth 100% of the federal credit.

Novogradac’s LIHTC team assists clients with a range of services for both state and federal LIHTCs.

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