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Utah Bill Would Increase Annual State LIHTC Cap to $10 Million

Wednesday, February 8, 2023 - 1:45PM

A bill introduced in the Utah Legislature would increase the annual state low-income housing tax credit (LIHTC) cap to $10 million. H.B. 364 would change the annual cap from the current amount of 34.5 cents per capita, which would be approximately $1.2 million in 2023. The $10 million annual cap would begin in 2023.

The interaction of state and federal LIHTCs will be a topic at the Novogradac 2023 Affordable Housing Conference, April 27-28 in San Francisco.

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