2019 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 2019
Bifurcated from Federal LIHTC? Credit PeriodType of Credit Novogradac & Company LLP
Contact
Arkansas

$250,000

No5 yearsBentley Stanton
California

$100,000,000

Yes4 years9 percent and 4 percent

Jim Kroger

Colorado

$5,000,000

Yes6 years

4 percent credit not to exceed 30 percent of eligible basis

Jeff Nishita
ConnecticutN/AYes  

Charlie Rhuda

Georgia    

Brad Elphick

Hawaii$3,957,580 - 9 percent (50 percent of the total Federal LIHTC award)Yes5 years9 percent and 4 percent

Jon Adkins

Illinois

$21,424,914

Yes1 yearEqual to 50 percent of the value of the donation, but the total donation must exceed $10,000

Stacey Stewart

Massachusetts

$250,000,000

*Includes $ million for preservation projects
*Majority already committed

Yes5 years9 percent and 4 percent

Charlie Rhuda

Missouri$0Yes10 years9 percent and 4 percent

Mike Kressig

Nebraska

 

   

Mike Kressig

New Mexico

 

   

Jeff Nishita

New York

$8,000,000

Yes10 years9 percent and 4 percent

Charlie Rhuda

Oklahoma$4,000,000Yes10 years9 percent and 4 percentNick Hoehn
Oregon

 

   

Charlie Rhuda

Utah

$1,090,581

Yes10 years9 percent and 4 percent

Mike Morrison

Vermont

$400,000

Yes5 yearsBased on a taxpayer's eligible cash contributions made to an eligible affordable housing project.

 

Wisconsin

Approximately $7.3 million of 4 percent State Housing Tax Credits are available in 2019

Wisconsin State Housing Tax Credit recipients must submit a request for an equal (or larger) amount of Federal 4 Percent Tax Credits.

The State Housing Tax Credit is claimed annually for a six-year period.

State Housing Tax Credits can be used for new construction and acquisition/rehab transactions.

 

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.