Legislation in the Missouri legislature would reduce the annual allocation of the State LIHTC from $6 million to $2 million and would set an aggregate cap of $80 million on LIHTCs for properties financed with nine percent LIHTCs. H.B. 1095 includes reductions on several Missouri state credits. The bill would add a sunset date of December 31, 2027 for the state LIHTC. As of March 9, 2021 the measure has been referred to the House Economic Development Committee but has yet to have been scheduled for a hearing.
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