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California Tax Credit Bifurcation Bill Passes Committee Vote

Thursday, August 10, 2000 - 1:45AM

With a vote of 6-to-1, California’s tax credit bifurcation bill, A.B. 1903, passed the Senate Revenue & Taxation Committee and was re-referred to the Senate Appropriations Committee Aug. 10. Legislative analysts are optimistic that this bill will be enacted into law before the end of the session Aug. 31. Observers anticipate one hurdle: the only opposition to the bill came from State Sen. Pat Johnston (D-Stockton), who chairs the Senate Appropriations Committee. A.B.1903, by State Assembly member Alan Lowenthal (D-Long Beach), would allow the California state low-income housing tax credit to be separated from the federal tax credit. To access A.B. 1903, click here.

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