Existing law establishes a low-income housing tax credit program for 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. Existing law governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law provided an allocation of $500,000,000 for the 2020 calendar year and, for calendar years beginning in 2021, also provides for an additional amount that may be allocated, up to $500,000,000, to specified low-income housing projects that are new buildings that are federally subsidized, as specified. Existing law provides that this additional amount is only available for allocation pursuant to an authorization in the annual Budget Act. Existing law requires specified regulatory action by CTCAC aimed at increasing production and containing costs, including a scoring system that maximizes the efficient use of public subsidy and benefit created through the low-income housing tax credit program, as specified.
California AB 1439 (20232024) — Low-income housing tax credit: farmworker housing.
Existing law establishes a low-income housing tax credit program for 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. Existing law governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law provided an allocation of $500,000,000 for the 2020 calendar year and, for calendar years beginning in 2021, also provides for an additional amount that may be allocated, up to $500,000,000, to specified low-income housing projects that are new buildings that are federally subsidized, as specified. Existing law provides that this additional amount is only available for allocation pursuant to an authorization in the annual Budget Act. Existing law requires specified regulatory action by CTCAC aimed at increasing production and containing costs, including a scoring system that maximizes the efficient use of public subsidy and benefit created through the low-income housing tax credit program, as specified.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended and be re-referred to the Committee on [Appropriations] — 6–0 (pass) · lower
Do pass as amended — 7–0 (pass) · upper
AB 1439 Garcia Concurrence in Senate Amendments — 70–0 (pass) · lower
Do pass and be re-referred to the Committee on [Housing and Community Development] — 9–0 (pass) · lower
Placed on suspense file — 7–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Appropriations] — 10–0 (pass) · upper
3rd Reading AB1439 Garcia et al. By Dodd — 35–0 (pass) · upper
Do pass. — 12–0 (pass) · lower
AB 1439 Garcia Assembly Third Reading — 65–1 (pass) · lower
Sponsors
Garcia — primary (person)
Dodd — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2023-02-17 Read first time. To print. reading-1
2023-02-18 From printer. May be heard in committee March 20.
2023-03-23 Referred to Coms. on REV. & TAX. and H. & C.D. referral-committee
2023-03-23 From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2023-03-27 Re-referred to Com. on REV. & TAX. referral-committee
2023-04-11 From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 9. Noes 0.) (April 10). Re-referred to Com. on H. & C.D. committee-passage, committee-passage-favorable, referral-committee
2023-04-27 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 26). amendment-introduction, amendment-passage, committee-passage, referral-committee
2023-05-01 Read second time and amended. amendment-passage, reading-1, reading-2
2023-05-02 Re-referred to Com. on APPR. referral-committee
2023-05-10 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2023-05-18 From committee: Do pass. (Ayes 12. Noes 0.) (May 18). committee-passage, committee-passage-favorable
2023-05-18 Read second time. Ordered to third reading. reading-1, reading-2
2023-05-25 Read third time. Passed. Ordered to the Senate. (Ayes 65. Noes 1. Page 1780.) passage, reading-1, reading-3
2023-05-26 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2023-06-07 Referred to Com. on HOUSING. referral-committee
2023-06-21 From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (June 20). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2023-07-03 In committee: Referred to APPR suspense file. referral-committee
2023-09-01 From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (September 1). amendment-introduction, amendment-passage, committee-passage
2023-09-01 Read second time and amended. Ordered returned to second reading. amendment-passage, reading-1, reading-2
2023-09-05 Read second time. Ordered to third reading. reading-1, reading-2
2023-09-11 Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 2562.). passage, reading-1, reading-3
2023-09-11 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 13 pursuant to Assembly Rule 77.
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