Cal. Code Regs. tit. 4 § 11010
Senate Bill No. 451 (Chapter 703, Statutes of 2019) added Revenue and Taxation Code sections 17053.91 and 23691 to allow a taxpayer that receives a tax credit allocation to claim a credit against those taxes for each taxable year beginning on or after January 1, 2021, and before January 1, 2027, for the rehabilitation of certified historic structures. This program is called the State Historic Rehabilitation Tax Credit (SHRTC) program and the program tax credits are allocated on a first-come, first-served basis by the California Tax Credit Allocation Committee (CTCAC) in conjunction with the Office of Historic Preservation (OHP). These regulations implement and make more specific CTCAC's responsibility for awarding and allocating the program tax credits.
Cal. Code Regs. Tit. 4, § 11010
Note: Authority cited: Sections 17053.91 and 23691, Revenue and Taxation Code. Reference: Sections 17053.91 and 23691, Revenue and Taxation Code.