California Revenue and Taxation Code

§ 23610.4

RTC § 23610.4 Effective Sep 26, 1990Div. 2 · Part 11 · Ch. 3.5

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 23610.5 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

Amended (as added by Stats. 1990, Ch. 166) by Stats. 1990, Ch. 1349, Sec. 19.3. Effective September 26, 1990.