Insurance, income, and corporation taxes: credits: low-income housing.
It was vetoed on Sep 27, 2024.
- Stage
- Vetoed
- Started in
- Assembly
- Sponsors
- 3
- Latest action
- Sep 27, 2024
What it does
Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee provides procedures and requirements for the allocation, in modified conformity with federal law, of state insurance, personal income, and corporation tax credit amounts to qualified low-income housing projects that have been allocated, or qualify for, a federal low-income housing tax credit, and farmworker housing. Existing law limits the total annual amount of the state low-income housing credit for which a federal low-income housing credit is required to the sum of $70,000,000, as increased by any percentage increase in the Consumer Price Index for the…
Where it stands
This bill failed and is no longer moving.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Needs attention)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.