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Updated:   2026-02-04

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Measure
Authors Quirk-Silva  
Subject Personal Income Tax Law: Corporation Tax Law: insurance tax law: low-income housing tax credit:
Relating To relating to taxation.
Title An act to amend Sections 12206, 17058, and 23610.5 of the Revenue and Taxation Code, relating to taxation.
Last Action Dt 2025-10-10
State Chaptered
Status Chaptered
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes No None No No Y
i
Leginfo Link  
Bill Actions
2025-10-10     Chaptered by Secretary of State - Chapter 492, Statutes of 2025.
2025-10-10     Approved by the Governor.
2025-09-11     Enrolled and presented to the Governor at 4 p.m.
2025-09-04     In Assembly. Ordered to Engrossing and Enrolling.
2025-09-04     Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2521.).
2025-09-02     Ordered to special consent calendar.
2025-08-29     Read second time. Ordered to third reading.
2025-08-29     From committee: Do pass. (Ayes 7. Noes 0.) (August 29).
2025-08-25     In committee: Referred to suspense file.
2025-08-13     In committee: Hearing postponed by committee.
2025-07-09     From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 9). Re-referred to Com. on APPR.
2025-06-18     From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 17). Re-referred to Com. on REV. & TAX.
2025-06-11     Referred to Coms. on HOUSING and REV. & TAX.
2025-06-03     In Senate. Read first time. To Com. on RLS. for assignment.
2025-06-02     Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1832.)
2025-05-27     Read second time. Ordered to third reading.
2025-05-23     From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
2025-05-21     Joint Rule 62(a), file notice suspended. (Page 1627.)
2025-05-21     In committee: Set, first hearing. Referred to APPR. suspense file.
2025-05-14     In committee: Hearing postponed by committee.
2025-04-29     From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28). Re-referred to Com. on APPR.
2025-04-28     In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
2025-04-21     In committee: Hearing postponed by committee.
2025-03-26     From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 26). Re-referred to Com. on REV. & TAX.
2025-03-03     Re-referred to Coms. on H. & C.D. and REV. & TAX. pursuant to Assembly Rule 96.
2025-02-24     Referred to Coms. on REV. & TAX. and H. & C.D.
2025-02-11     From printer. May be heard in committee March 13.
2025-02-10     Read first time. To print.
Versions
Chaptered     2025-10-10
Enrolled     2025-09-08
Introduced     2025-02-10
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

Existing law establishes a low-income housing tax credit program pursuant to 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, as specified. That law authorizes a taxpayer to make an election in its application to the CTCAC to sell all or any portion of any credit allowed.

This bill would instead authorize a taxpayer to make that election in the manner prescribed by the CTCAC, as provided.