California Revenue and Taxation Code

§ 12205

RTC § 12205 Effective Oct 11, 1993Div. 2 · Part 7 · Ch. 3 · Art. 1

Statute text

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 12206 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.

Legislative history

Added by Stats. 1993, Ch. 1222, Sec. 1. Effective October 11, 1993.