affordable housing tax credits; extension

HB 2660 extends Arizona's affordable housing tax credit program, allowing developers and investors in qualifying low-income housing projects to claim a state tax credit equal to at least 50% of the federal low-income housing tax credit they receive. The bill requires the Arizona Department of Housing to issue eligibility statements for projects meeting federal criteria, with annual funding limits of $4 million (2022-2025) and $10 million (2026-2030). Taxpayers can apply the credit against insurance premium tax liability, carry forward unused credits for up to five years, and avoid retaliatory taxes under Section 20-230. The program directly affects developers and investors in affordable housing projects that qualify for federal low-income housing tax credits.