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Oklahoma Removes Small-County Requirement for State LIHTCs

Tuesday, April 30, 2019 - 11:15AM

Oklahoma Gov. Kevin Stitt signed legislation this week to remove a small-county requirement to receive the state low-income housing tax credit (LIHTC). H.B. 1411 eliminates the requirement that LIHTCs be only awarded in counties of 150,000 or fewer residents and reduces the carryforward period for the state credit from 10 to two years. The change is effective Nov. 1

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