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Committee Approves California Legislation to Separate State LIHTC from Federal LIHTC

Thursday, May 18, 2000 - 1:45AM

Legislation that would allow California’s state tax credit to be separated from the federal credit has moved one step closer to passage. By a unanimous vote of 21-to-0, the state Assembly Appropriations Committee approved A.B. 1903, by State Assembly member Alan Lowenthal (D-Long Beach), May 17. Affordable housing practitioners say that the legislation would increase the value of both types of tax credits. To access A.B. 1903, click here.

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