California Gov. Davis Vetoes Tax Credit Bill

Thursday, October 5, 2000 - 1:00AM

California Gov. Gray Davis (D) vetoed A.B. 1903, the state tax credit bifurcation bill, Sept. 30. State Assembly member Alan Lowenthal’s (D-Long Beach) legislation would have separated the state low-income housing tax credit from the federal credit, allowing the credits to be sold to different classes of investors and, in turn, would have increased the value of both types of credits.

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