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    Posted: October 16, 2015 | Posted by CBPA | No Comments

    AB 35 (Chiu D) Income taxes: credits: low-income housing: allocation increase.

    Would, for calendar years 2016 through 2021, inclusive, would increase the aggregate housing credit dollar amount that may be allocated among low-income housing projects by $100,000,000, as specified. The bill, under the insurance taxation law, the Personal Income Tax Law, and the Corporation Tax Law, would modify the definition of applicable percentage relating to qualified low-income buildings that meet specified criteria.

    Status: VETOED.  Read Governor’s message here.

    Position: SUPPORT

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