California CTCAC Adopts Amendments to Income Tax Regulations on Low-Income Housing Tax Credits

The California Tax Credit Allocation Committee (CTCAC) Feb.14 adopted the amendments to regulations on the Low-Income Housing Tax Credit (LIHTC) Program for individual income tax purposes. The rules implement federal and state LIHTC laws. The regulations took effect on Dec. 11, 2024. [Cal. Tax Credit Allocation Comm., Regs. Sections 10302, 10315, 10317 et al., 02/14/25 Cal. Reg. Notice Reg.]