BILL NUMBER: AB 841	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Fuentes

                        FEBRUARY 26, 2009

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 841, as introduced, Fuentes. Low-income housing tax credits.
   Existing law requires the California Tax Credit Allocation
Committee to allocate specified insurance, income, and corporation
tax credits for purposes of low-income housing projects.
   This bill would declare the Legislature's intent to enact
legislation that would require the committee to allocate a portion of
the credits to the City of Los Angeles.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  The Legislature declares its intent to enact
legislation that would require the California Tax Credit Allocation
Committee to allocate a portion of low-income housing tax credits to
the City of Los Angeles.