California Governor Jerry Brown Vetoes NMTC and HTC Legislation

On September 29, California Governor Jerry Brown vetoed A.B. 1399, a bill to create a state new markets tax credit (NMTC), and A.B. 1999, to create a state historic rehabilitation tax credit (HTC). In separate veto messages, Brown said that he supported each program’s goals but that the costs should be weighed against other priorities during the state budget process.

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QAP and Funding Deadlines

QAP Drafts, Comment Periods, & Public Hearings