Wisconsin Provides Rural Area Low-Income Housing Tax Credit Allocation

The Wisconsin Governor signed a law that includes: 1) requiring the Wisconsin Housing and Economic Development Authority, if possible, to ensure that at least 35 percent of the state low-income housing tax credits allocated each year pursuant to a qualified allocation plan are for qualified low-income housing projects in rural areas; and 2) removes the requirement that a qualified low-income housing project be financed with tax-exempt bonds. The law took effect on April 10. [A.B. 182, enacted 04/08/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.