2017 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 2017
Bifurcated from Federal LIHTC? Credit PeriodType of Credit Novogradac & Company LLP
Contact
ArkansasNot AvailableYes10 Years9 percent

Bentley Stanton

California$3,920,000,000Yes10 Years9 percent and 4 percent

Jim Kroger

ColoradoNot AvailableYes6 Years

30 percent of qualified basis

Jeff Nishita
ConnecticutNot AvailableYes10 Years9 percent and 4 percent

Charlie Rhuda

GeorgiaNot AvailableYes10 Years9 percent and 4 percent

Brad Elphick

HawaiiNot AvailableYes10 Years9 percent and 4 percent

Jon Adkins

Illinois

$250,000,000

Yes1 YearDonation credit at 50 percent donation value

Stacey Stewart

Massachusetts$20,000,000Yes5 YearsOther

Charlie Rhuda

MissouriNot AvailableYes10 Years9 percent and 4 percent

Mike Kressig

Nebraska$302,875,000Not Available6 Years9 percent 

Mike Kressig

New Mexico Not Available
(State Volume Cap $75,000,000,000)
Yes

5 Years - single family housing
10 years - multifamily housing

Up to 50 percent of the value of donations for affordable housing developments approved by MFA

Jeff Nishita

New York$1,400,000,000 billion of volume cap, including carryforward and 2017 cap.
(This amount does not reflect how much volume cap the State of New York is planning on allocating to multifamily housing.)
No10 Years

Dollar-for-dollar reduction in state taxes to investors in qualified low-income housing

Charlie Rhuda

OklahomaNot AvailableYes10 YearsNot AvailableNick Hoehn
Utah

$305,875,000

No10 Years9 percent and 4 percent

Mike Morrison

Vermont

$145,000,000

Yes5 YearsOther

Charlie Rhuda

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 this information was provided to us directly from the states and some of the information is based on estimates. As such, please consider this chart tentative and subject to change. Application deadlines should be verified with the appropriate allocating agency. We will update these figures — which are also available to you online at www.taxcredithousing.com — as more information becomes available.