Personal Income Tax Law: Corporation Tax Law: insurance tax law: low-income housing tax credit:
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, as specified. That law authorizes a taxpayer to make an election in its application to the CTCAC to sell all or any portion of any credit allowed.
California AB 480 (20252026) — Personal Income Tax Law: Corporation Tax Law: insurance tax law: low-income housing tax credit:
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, as specified. That law authorizes a taxpayer to make an election in its application to the CTCAC to sell all or any portion of any credit allowed.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 5–0 (pass) · upper
Do pass and be re-referred to the Committee on [Appropriations] — 7–0 (pass) · lower
Do pass. — 14–0 (pass) · lower
Special Consent AB480 Quirk-Silva By McNerney — 39–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Revenue and Taxation] with the recommendation: To Consent Calendar — 9–0 (pass) · upper
Do pass and be re-referred to the Committee on [Revenue and Taxation] with recommendation: To Consent Calendar — 10–0 (pass) · lower
AB 480 Quirk-Silva Assembly Third Reading — 79–0 (pass) · lower
Placed on suspense file — 6–0 (pass) · upper
Do pass — 7–0 (pass) · upper
Sponsors
Quirk-Silva — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-02-10 Read first time. To print. reading-1
2025-02-11 From printer. May be heard in committee March 13.
2025-02-24 Referred to Coms. on REV. & TAX. and H. & C.D. referral-committee
2025-03-03 Re-referred to Coms. on H. & C.D. and REV. & TAX. pursuant to Assembly Rule 96. referral-committee
2025-03-26 From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 26). Re-referred to Com. on REV. & TAX. committee-passage, committee-passage-favorable, referral-committee
2025-04-21 In committee: Hearing postponed by committee.
2025-04-28 In committee: Set, first hearing. Referred to REV. & TAX. suspense file. referral-committee
2025-04-29 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-05-14 In committee: Hearing postponed by committee.
2025-05-21 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2025-05-23 From committee: Do pass. (Ayes 14. Noes 0.) (May 23). committee-passage, committee-passage-favorable
2025-05-27 Read second time. Ordered to third reading. reading-1, reading-2
2025-06-02 Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1832.) passage, reading-1, reading-3
2025-06-03 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2025-06-11 Referred to Coms. on HOUSING and REV. & TAX. referral-committee
2025-06-18 From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 17). Re-referred to Com. on REV. & TAX. committee-passage, committee-passage-favorable, referral-committee
2025-07-09 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 9). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-08-13 In committee: Hearing postponed by committee.
2025-08-25 In committee: Referred to suspense file. referral-committee
2025-08-29 From committee: Do pass. (Ayes 7. Noes 0.) (August 29). committee-passage, committee-passage-favorable
2025-08-29 Read second time. Ordered to third reading. reading-1, reading-2
2025-09-02 Ordered to special consent calendar.
2025-09-04 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2521.). passage, reading-1, reading-3
2025-09-04 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2025-09-11 Enrolled and presented to the Governor at 4 p.m.
2025-10-10 Approved by the Governor. executive-signature
2025-10-10 Chaptered by Secretary of State - Chapter 492, Statutes of 2025. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0075fb14-2293-4bcd-96c4-179c163d8dfc. Confidence: reported (aggregated from official California legislature records).