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Prefiled New Hampshire Bill Would Create State Housing HTC

Wednesday, December 20, 2023 - 11:25AM

A bill prefiled in New Hampshire–to be formally introduced in January–would create a historic housing tax credit (HTC) with an annual cap of $10 million and a project cap of $1 million per year for income-creating residential properties. S.B. 364 would allow investors to make a contribution to the state housing finance authority for specific projects and receive a 65% credit in return. The tax credit could be carried forward up to five years. The credit would be effective June 30, 2024.

The prevalence and value of state HTCs was the topic of Michael Novogradac’s Washington Wire column in September’s Novogradac Journal of Tax Credits, which is available by subscription.

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