Oregon Legislation Would Create State LIHTC Matching Federal Credit

Wednesday, January 11, 2023 - 12:45PM

Legislation introduced in the Oregon House of Representatives would create a state low-income housing tax credit (LIHTC) equal to the federal LIHTC for tax years beginning on or after Jan. 1, 2024. H.B. 2563 would create a credit that largely mirrors the federal LIHTC and would require the state housing agency to automatically award the state credit to recipients of the federal LIHTC. The credit would sunset for tax years beginning on or after Jan. 1, 2039.

The Novogradac Introduction to Low-Income Housing Tax Credits booklet is a look at the basics of the LIHTC incentive, including the interaction of the state and federal credit.

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