Finance

AB 1399 (Medina)

California New Markets Tax Credit.

2014

Description:

Would allow a credit under the Personal Income Tax Law and the Corporation Tax Law, and a credit against the tax imposed on an insurer, in modified conformity with a federal New Markets Tax Credit, for taxable years beginning on or after January 1, 2015, and before January 1, 2027, in a specified amount for investments in low-income communities.

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Bill Text and Information

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