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 Certificated or Allocated?Novogradac & Company LLP
Contact
Arkansas $250,000Yes10 years9%AllocatedRebecca Darling
California

$300,000,000 (General for new construction with tax-exempt bonds)
$200,000,000 (California Housing Finance Agency Mixed-Income Program for new construction with tax-exempt bonds)
$101,753,553 (for 9 percent developments and also includes 15 percent set-aside for projects with tax-exempt bonds)

Yes4 yearsBothBothJim Kroger
Colorado $10,000,000Yes6 yearsBothCertificatedJeff Nishita
Connecticut $10,000,000Yes10 yearsBothCertificated but reserved for non-profitsCharlie Rhuda
Georgia Automatic match to federal credit up to $29,700,000Bifurcated10 yearsBothBothBrad Elphick
Hawaii $4,000,000Bifurcated5 yearsBothAllocatedJon Adkins
Illinois $23,620,968Yes1 yearBothBothStacey Stewart
MaineVery recently passed; information not yet availableVery recently passed; information not yet available1 yearBoth Charlie 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 availableVery recently passed; information not yet availableBlair Kincar
Massachusetts  Yes5 years Both but usually certificatedCharlie 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  Yes10 yearsBothAllocatedMike Kressig
Nebraska No more than 100 percent of the federal 9 percent LIHTC allocated 6 years4%AllocatedRebecca Arthur
Nevada $10,000,000Yes10 years9%TBDJeff Nishita
New Mexico $4,800,000Yes  AllocatedJeff Nishita
New York $4,000,000 for 9% and $4,000,000 for 4%No10 yearsUsually 9%AllocatedCharles Rhuda
Oklahoma $4,000,000Yes10 yearsBothAllocatedNick Hoehn
Oregon      Charlie Rhuda
South Carolina      
Utah $1,090,581Yes10 yearsBothBothMike Morrison
Vermont $400,000Bifurcated5 years AllocatedCharles Rhuda
Wisconsin$7,000,000Yes6 years4%Allocated 

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.