§ 12205
55 words·~1 min read·
/ca/revenue-and-taxation-code/12205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.