AFFORDABLE HOUSING

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: On Governor’s Desk

Position: SUPPORT

© 2007-2012 Building Owners and Managers Association of California (BOMA Cal)