AB 1439 — Low-income housing tax credit: farmworker housing.

Summary

Existing law establishes a low-income housing tax credit program for 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 to the sum of $70,000,000, as increased by any percentage increase in the Consumer Price Index for the preceding calendar year, any unused credit for the preceding calendar years, and the amount of housing credit ceiling returned in the calendar year. Existing law governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law provided an allocation of $500,000,000 for the 2020 calendar year and, for calendar years beginning in 2021, also provides for an additional amount that may be allocated, up to $500,000,000, to specified low-income housing projects that are new buildings that are federally subsidized, as specified. Existing law provides that this additional amount is only available for allocation pursuant to an authorization in the annual Budget Act. Existing law requires specified regulatory action by CTCAC aimed at increasing production and containing costs, including a scoring system that maximizes the efficient use of public subsidy and benefit created through the low-income housing tax credit program, as specified. This bill would require CTCAC to consider amending the regulatory scoring system to also award maximum points to farmworker housing projects under the housing needs category, and an initial 5 points in the category for site amenities beyond those required as additional thresholds. This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.

Bill Text

• Chaptered 10/07/23 - Chaptered Current pdf October 07, 2023
• Enrolled 09/14/23 - Enrolled pdf September 14, 2023
• Amended 09/01/23 - Amended Senate pdf September 01, 2023
• Amended 05/01/23 - Amended Assembly pdf May 01, 2023
• Amended 03/23/23 - Amended Assembly pdf March 23, 2023
• Introduced 02/17/23 - Introduced pdf February 17, 2023
• AB1439 View text html

Action History

1. October 07, 2023

   Chaptered by Secretary of State - Chapter 369, Statutes of 2023.

2. October 07, 2023

   Approved by the Governor.

3. September 20, 2023

   Enrolled and presented to the Governor at 4 p.m.

4. September 12, 2023

   Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 70. Noes 0. Page 3271.).

5. September 12, 2023

   Assembly Rule 77 suspended. (Page 3228.)

6. September 11, 2023

   In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 13 pursuant to Assembly Rule 77.

7. September 11, 2023

   Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 2562.).

8. September 05, 2023

   Read second time. Ordered to third reading.

9. September 01, 2023

   Read second time and amended. Ordered returned to second reading.

10. September 01, 2023

    From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (September 1).

11. July 03, 2023

    In committee: Referred to APPR suspense file.

12. June 21, 2023

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (June 20). Re-referred to Com. on APPR.

13. June 07, 2023

    Referred to Com. on HOUSING.

14. May 26, 2023

    In Senate. Read first time. To Com. on RLS. for assignment.

15. May 25, 2023

    Read third time. Passed. Ordered to the Senate. (Ayes 65. Noes 1. Page 1780.)

16. May 18, 2023

    Read second time. Ordered to third reading.

17. May 18, 2023

    From committee: Do pass. (Ayes 12. Noes 0.) (May 18).

18. May 10, 2023

    In committee: Set, first hearing. Referred to APPR. suspense file.

19. May 02, 2023

    Re-referred to Com. on APPR.

20. May 01, 2023

    Read second time and amended.

21. April 27, 2023

    From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 26).

22. April 11, 2023

    From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 9. Noes 0.) (April 10). Re-referred to Com. on H. & C.D.

23. March 27, 2023

    Re-referred to Com. on REV. & TAX.

24. March 23, 2023

    From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

25. March 23, 2023

    Referred to Coms. on REV. & TAX. and H. & C.D.

26. February 18, 2023

    From printer. May be heard in committee March 20.

27. February 17, 2023

    Read first time. To print.

Sponsors

• Dodd · Cosponsor
• Robert Garcia · Primary

Votes

Subjects