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2024 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.

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California

Estimated Tax Credits Available in 2024

Estimated to be $684,755,548 ($170,594,036 (9%/4%), $514,161,512 (4%), $0 (Farmworker))

Bifurcated from Federal LIHTC?

Yes

Credit Period

Up to 4 years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Both

Novogradac Contact

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Colorado

Estimated Tax Credits Available in 2024

$10,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

6 years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

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District of Columbia

Estimated Tax Credits Available in 2024

25% of the federal LIHTC (Both 9% and 4%). This translates to roughly $7.8 MM, but is contingent on the entire 9% and PAB cap being utilized

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

As of now, it is a flat 25% of the federal LIHTC.

Certificated Or Allocated?

Both

Novogradac Contact

 

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Hawaii

Estimated Tax Credits Available in 2024

$3,960,539 but over a five-year period only

Bifurcated from Federal LIHTC?

Yes

Credit Period

Five years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

 

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Illinois

Estimated Tax Credits Available in 2024

$26,042,117

Bifurcated from Federal LIHTC?

Yes

Credit Period

1 year

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

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Indiana

Estimated Tax Credits Available in 2024

$6,000,00

Bifurcated from Federal LIHTC?

Yes

Credit Period

Five years

Type of Credit

Can match up to 100%

Certificated Or Allocated?

Both

Novogradac Contact

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Kansas

Estimated Tax Credits Available in 2024

TBD – KS is a forward allocating state and the state LIHTCs will 100% match the 2025 federal LIHTC allocation.

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

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Missouri

Estimated Tax Credits Available in 2024

$11,957,934 for 9%, $4 million ($40 million over 10 years) for 4%

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 Years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

 

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Nebraska

Estimated Tax Credits Available in 2024

$5,706,976

Bifurcated from Federal LIHTC?

Yes

Credit Period

Six years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

 

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New York

Estimated Tax Credits Available in 2024

$15,000,000 approximately

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Both

Novogradac Contact

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Oklahoma

Estimated Tax Credits Available in 2024

$4,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

4%

Certificated Or Allocated?

Allocated

Novogradac Contact

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Pennsylvania

Estimated Tax Credits Available in 2024

$10,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

Five years

Type of Credit

9%

Certificated Or Allocated?

Both

Novogradac Contact
 

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Utah

Estimated Tax Credits Available in 2024

$10,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

Both, state credits are used to fill gaps and lower rents

Certificated Or Allocated?

Allocated

Novogradac Contact

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Vermont

Estimated Tax Credits Available in 2024

$400,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

5 years

Type of Credit

Based on an allocated amount that does not apply to an eligible basis or applicable fraction.

Certificated Or Allocated?

Allocated

Novogradac Contact

 

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Virginia

Estimated Tax Credits Available in 2024

$6,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

9%

Certificated Or Allocated?

Allocated

Novogradac Contact

 

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Wisconsin

Estimated Tax Credits Available in 2024

$7,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

6 years

Type of Credit

4%

Certificated Or Allocated?

Both

Novogradac Contact

 

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