California bills · 2025-2026 Regular Session
California AB 480
Personal Income Tax Law: Corporation Tax Law: insurance tax law: low-income housing tax credit:
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Quirk-Silva (Democratic)
Summary
Official abstract published by the California legislature· summary
Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee (CTCAC) provides procedures and requirements for the allocation, in modified conformity with federal law, of state insurance, personal income, and corporation tax credit amounts to qualified low-income housing projects that have been allocated, or qualify for, a federal low-income housing tax credit, and farmworker housing. Existing law limits the total annual amount of the state low-income housing credit for which a federal low-income housing credit is required, as specified. That law authorizes a taxpayer to make an election in its application to the CTCAC to sell all or any portion of any credit allowed.
This bill would instead authorize a taxpayer to make that election in the manner prescribed by the CTCAC, as provided.
Text versions
- 10/10/25 - Chaptered· Oct 10, 2025
- 09/08/25 - Enrolled· Sep 8, 2025
- 02/10/25 - Introduced· Feb 10, 2025
- AB480
Roll-call votes
State vote data last updated Oct 16, 2026, 4:04 AM.
Actions
- Oct 10, 2025 · Legislature
Chaptered by Secretary of State - Chapter 492, Statutes of 2025. - Oct 10, 2025 · Legislature
Approved by the Governor. - Sep 11, 2025 · Legislature
Enrolled and presented to the Governor at 4 p.m. - Sep 4, 2025 · House
In Assembly. Ordered to Engrossing and Enrolling. - Sep 4, 2025 · Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2521.). - Sep 2, 2025 · Senate
Ordered to special consent calendar. - Aug 29, 2025 · Senate
Read second time. Ordered to third reading. - Aug 29, 2025 · Senate
From committee: Do pass. (Ayes 7. Noes 0.) (August 29). - Aug 25, 2025 · Senate
In committee: Referred to suspense file. - Aug 13, 2025 · Senate
In committee: Hearing postponed by committee. - Jul 9, 2025 · Senate
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 9). Re-referred to Com. on APPR. - Jun 18, 2025 · Senate
From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 17). Re-referred to Com. on REV. & TAX. - Jun 11, 2025 · Senate
Referred to Coms. on HOUSING and REV. & TAX. - Jun 3, 2025 · Senate
In Senate. Read first time. To Com. on RLS. for assignment. - Jun 2, 2025 · House
Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1832.) - May 27, 2025 · House
Read second time. Ordered to third reading. - May 23, 2025 · House
From committee: Do pass. (Ayes 14. Noes 0.) (May 23). - May 21, 2025 · House
Joint Rule 62(a), file notice suspended. (Page 1627.) - May 21, 2025 · House
In committee: Set, first hearing. Referred to APPR. suspense file. - May 14, 2025 · House
In committee: Hearing postponed by committee. - Apr 29, 2025 · House
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28). Re-referred to Com. on APPR. - Apr 28, 2025 · House
In committee: Set, first hearing. Referred to REV. & TAX. suspense file. - Apr 21, 2025 · House
In committee: Hearing postponed by committee. - Mar 26, 2025 · House
From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 26). Re-referred to Com. on REV. & TAX. - Mar 3, 2025 · House
Re-referred to Coms. on H. & C.D. and REV. & TAX. pursuant to Assembly Rule 96. - Feb 24, 2025 · House
Referred to Coms. on REV. & TAX. and H. & C.D. - Feb 11, 2025 · House
From printer. May be heard in committee March 13. - Feb 10, 2025 · House
Read first time. To print.