Cal. Rev. & Tax. Code § 17057.5

Current through the 2023 Legislative Session.

Section 17057.5 - Legislative intent regarding amount of state low-income housing tax credit allocated to project

It is the intent of the Legislature that the amount of the state low-income housing tax credit allocated to a project pursuant to Section 17058 shall not exceed an amount in addition to the federal tax credit that is necessary for the financial feasibility of the project and its viability throughout the extended use period.

Ca. Rev. and Tax. Code § 17057.5

Amended (as added by Stats. 1990, Ch. 166) by Stats. 1990, Ch. 1349, Sec. 6.1. Effective September 26, 1990.