Sign Up For Novogradac Industry Alert Emails

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.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Arizona

Estimated Tax Credits Available in 2024

$4,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

Both 9% and 4% ($2M to 9% Rural and $2M to 4% Metro for STC)

Certificated Or Allocated?

Allocated

Novogradac Contact

Back to top

 

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

Back to top

 

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

Back to top

 

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

 

Back to top

 

Georgia

Estimated Tax Credits Available in 2024

Mirrors federal credit amount for both 9% and 4% allocations. (for 9%, this is projected to be $31,647,340)

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact

Back to top

 

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

 

Back to top

 

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

Back to top

 

Indiana

Estimated Tax Credits Available in 2024

$6,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

Five years

Type of Credit

Can match up to 100%

Certificated Or Allocated?

Both

Novogradac Contact

Back to top

 

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

Back to top

 

Maine

Estimated Tax Credits Available in 2024

$11,646,093

Bifurcated from Federal LIHTC?

Yes

Credit Period

One year

Type of Credit

4%

Certificated Or Allocated?

Allocated

Novogradac Contact

 

Back to top

 

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

 

Back to top

 

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

 

Back to top

 

Nevada

Estimated Tax Credits Available in 2024

FY2023 STC Awards: $3 million, FY2023 STC Awards: $3 million

Bifurcated from Federal LIHTC?

Yes

Credit Period

Up to four year

Type of Credit

Both 9% and 4%

Certificated Or Allocated?

Certificated

Novogradac Contact

 

Back to top

 

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

Back to top

 

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

Back to top

 

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
 

Back to top

 

Rhode Island

Estimated Tax Credits Available in 2024

To be determined once the regulations are approved and the program launched.

Bifurcated from Federal LIHTC?

TBD

Credit Period

Proposed as 5 years.

Type of Credit

4%

Certificated Or Allocated?

TBD

Novogradac Contact
 

Back to top

 

South Carolina

Estimated Tax Credits Available in 2024

$20,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

9% and 4%

Certificated Or Allocated?

Allocated

Novogradac Contact
 

Back to top

 

Texas

Estimated Tax Credits Available in 2024

$25,000,000

Bifurcated from Federal LIHTC?

Yes

Credit Period

10 years

Type of Credit

Franchise or insurance premium tax credit.

Certificated Or Allocated?

First year of program, nothing yet to report.

Novogradac Contact
 

Back to top

 

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

Back to top

 

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

 

Back to top

 

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

 

Back to top

 

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

 

Back to top

 

Learn more about Novogradac's expertise and many services