California Releases Threshold Basis Limits, Updates Attachment 40 Application

The California Tax Credit Allocation Committee (TCAC) released the 2020 Threshold Basis Limits. The basis limits have been incorporated into the TCAC Application (Attachment 40).

TCAC staff will utilize the 2020 basis limits for all application submissions going forward. If you would like the updated limits inserted into an application for the January 17, 2020 deadline, please email your TCAC application to Connie Harina. TCAC also updated Attachment 26 for the January 17 deadline applications.

TCAC previously indicated that the 2020 minimum operating expenses per unit would be available and required for application submissions due January 17, 2020.  TCAC is revising this guidance; applicants should continue to use the 2019 minimum operating expenses until further notice. Staff anticipates requiring the 2020 minimum operating expenses for applications due after January 17.