2020 State Tax Credit Information

* Please note this content refers to to state low-income housing tax credit programs - not the federal LIHTC program. The following chart is intended for summary purposes only. As state LIHTC programs vary widely, we recommend that you gather complete details from the appropriate state agency. Some of the information listed below is based on estimates.

Please e-mail [email protected] with any questions or with additional information about programs in your state.

StateEstimated Tax Credits
Available in 2020
Bifurcated from Federal LIHTC? Credit PeriodType of Credit Novogradac & Company LLP
Contact
Arkansas$250,000No6 years9%Rebecca Darling
California

$500,000,000

Yes4 yearsBothJim Kroger
Colorado $10,000,000Yes6 yearsBothJeff Nishita
Connecticut $10,000,000Yes10 yearsBothCharlie Rhuda
Georgia Automatic match to federal credit up to $29,700,000No10 yearsBothBrad Elphick
Hawaii $4,000,000Yes5 yearsBothJon Adkins
Illinois $23,620,968Yes1 yearBothStacey Stewart
MaineVery recently passed; information not yet availableVery recently passed; information not yet available1 yearBothCharlie Rhuda
Maryland Very recently passed; information not yet availableVery recently passed; information not yet availableVery recently passed; information not yet availableVery recently passed; information not yet availableBlair Kincar
Massachusetts  Yes5 years4%Charlie Rhuda
MinnesotaProposal sent to ways and means committeeProposal sent to ways and means committeeProposal sent to ways and means committeeProposal sent to ways and means committeeProposal sent to ways and means committee
Missouri $12,083,061Yes10 yearsBothMike Kressig
Nebraska No more than 100 percent of the federal 9 percent LIHTC allocated 6 years4%Rebecca Arthur
Nevada $10,000,000Yes10 years9%Charles Rhuda
New Mexico $4,782,886Yes10 years50%Jeff Nishita
New York $8,000,000Yes10 yearsBothCharles Rhuda
Oklahoma $4,000,000Yes10 yearsBothNick Hoehn
Oregon     Charlie Rhuda
South Carolina      
Utah $1,498,449Yes10 yearsBothMike Morrison
Vermont $400,000Yes5 yearsAmt. of state credit is not calculated on a basis-times-fraction method. We award such state credits as are needed to fill a gap, up to a limit.Charles Rhuda
Wisconsin$7,000,000No6 years4% 

TBD indicates this figure or date is still to be determined by the according state agency.

"Not Available" indicates that the state agency was unable to respond to our inquiries.

Please note available tax credit amounts listed are provided by state agencies and based on estimates. As such, please consider this chart tentative and subject to change. Application deadlines and amounts should be verified with the appropriate allocating agency.