2018 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 cpas@novoco.com with any questions or with additional information about programs in your state.

StateEstimated Tax Credits
Available in 2018
Bifurcated from Federal LIHTC? Credit PeriodType of Credit Novogradac & Company LLP
Contact
Arkansas    

Bentley Stanton

CaliforniaTBD; TCAC intends to allocate all state credits availableYesUp to 4 years9 percent and 4 percent

Jim Kroger

Colorado

$5,000,000

Yes6 years

4 percent

Jeff Nishita
Connecticut    

Charlie Rhuda

GeorgiaN/AYes10 years9 percent and 4 percent

Brad Elphick

Hawaii    

Jon Adkins

Illinois

$21,424,914

Yes1 year9 percent

Stacey Stewart

Massachusetts    

Charlie Rhuda

MissouriN/AN/A10 yearsN/A

Mike Kressig

Nebraska

$4,577,078

Yes6 years9 percent

Mike Kressig

New Mexico

$4,578,953

Yes5 years50 percent of the donation amount off of the donor's state tax

Jeff Nishita

New York

$8,000,000

Yes10 years9 percent and 4 percent

Charlie Rhuda

Oklahoma    Nick Hoehn
Utah

 

Yes  

Mike Morrison

Vermont

$400,000

Yes5 yearsState credits are only given to projects that are also using federal credits

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.