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California Treasurer Phil Angelides to Introduce Legislation to Permanently Increase State LIHTC

Tuesday, October 24, 2000 - 1:45AM

Spurred by the high demand for state tax credits, California Treasurer Phil Angelides (D) is expected to introduce legislation to permanently increase the state low-income housing tax credit by $15 million in 2001, according to the Treasurer's Office.The Treasurer’s Office submitted a budget request to California Gov. Gray Davis (D) the week of Oct. 16, which included additional funding for the state tax credit. The state tax credit currently receives $50 million annually.

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