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November 2020

Creation of Pennsylvania Low-Income Housing Tax Credit

Governor Tom Wolf recently signed legislation that established a Pennsylvania low-income housing tax credit (LIHTC)! S.B. 30 creates this state tax credit, which is designed to encourage the development of quality affordable housing in Pennsylvania.

The Pennsylvania LIHTC will be administered by the Pennsylvania Housing Finance Agency and the Pennsylvania Department of Revenue. The requirements for the credits will follow the federal LIHTC.

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