David Chiu
- Democratic
Author
(1) Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee (CTCAC) 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 preceding calendar year, any unused credit for the preceding calendar years, and the amount of housing credit ceiling returned in the calendar year, and authorizes CTCAC, for calendar years beginning in 2020, to allocate an additional $500,000,000 to specified low-income housing projects and, for calendar years beginning in 2021, requires this additional amount only to be available for allocation pursuant to an authorization in the annual Budget Act or related legislation, and specified regulatory action by CTCAC. This bill would remove the requirement that, beginning in the 2021 calendar year, the above-described additional $500,000,000 allocation only be available pursuant to an authorization in the annual Budget Act or related legislation, and specified regulatory action by CTCAC. (2) This bill would take effect immediately as a tax levy.
In committee: Held under submission.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (August 14). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F.
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 10. Noes 0.) (July 2). Re-referred to Com. on GOV. & F.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1782.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 18. Noes 0.) (May 16).
Joint Rule 62(a), file notice suspended. (Page 1760.)
In committee: Set, first hearing. Referred to APPR. suspense file.
Joint Rule 62(a), file notice suspended. (Page 1609.)
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (May 6). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
In committee: Hearing for testimony only.
Measure version as revised on March 27 corrected.
Coauthors revised.
From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 8. Noes 0.) (March 27). Re-referred to Com. on REV. & TAX.
Referred to Coms. on H. & C.D. and REV. & TAX.
From printer. May be heard in committee January 3.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB10 | HTML |
| 12/03/18 - Introduced | |
| 04/30/19 - Amended Assembly | |
| 08/12/19 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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