Indiana Governor Eric Holcomb (R) signed into law an omnibus tax law that creates a State LIHTC for fiscal years after June 30, 2023. S.B. 382 creates an Indiana LIHTC available to recipients of Federal four percent LIHTCs that can be taken over five years and carried forward up to nine years. The Indiana credit will be for up to 100 percent of the federal credits issued to the property. The statewide annual cap is $30 million and the tax credit ends with the fiscal year ending June 30, 2027.