College Access Tax Credit.

PositionFTB NEWS

Recently passed legislation (SB 81) modified provisions to this credit and taxpayers are now able to use the credit to reduce their tax below tentative minimum tax beginning with taxable years beginning on or after Jan. 1, 2014. The credit has also been extended to taxable year 2017.

The credit is available to individuals and business entities that contribute to the College Access Tax Credit Fund, which is administered by the California Educational Facilities Authority.

The credit is available for taxable years 2014 through 2017 and is a percentage of the amount...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT