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New Laws

Jan. 21, 2014

Taxation

* AB 32 (John A. Pérez) Increases from $10 million to $50 million the annual aggregate amount of qualified investments eligible for the Community Development Financial Institution (CDFI) tax credit under the Insurance Gross Premiums Tax (IT), Personal Income Tax (PIT), and Corporation Tax (CT) Laws, as provided. An act to amend Sections 12209, 17053.57, and 23657 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

* AB 9...

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