Arizona Legislature Passes State LIHTC

On June 29, the Arizona state legislature passed State LIHTC in S.B 1124The state credit available to properties placed in service after June 30, 2022 is equal to at least fifty percent of the federal credit with a $4 million annual cap. Governor Doug Ducey (R) has until July 12 to sign or veto the bill, otherwise it will become law on its own