Oklahoma Bill Would Reduce Period to Receive LIHTCs

Friday, March 8, 2019 - 8:30AM

The Oklahoma Affordable Housing Act (S.B. 416) was introduced in Oklahoma to reduce the credit period for taxpayers to receive state low-income housing tax credits from 10 years to five years for credits allocated to a qualified property on or after Jan. 1, 2020. If enacted, the change would become effective Nov. 1, 2019.

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