A monthly update on key legislation for Treasurer Ma

529 ScholarShare Tax Deduction on State Income Taxes

[Assembly Bill 211, Ian Calderon (D-Whittier) https://a57.asmdc.org/

The California Tax Credit Allocation Committee (CTCAC), California Debt Limit Allocation Committee (CDLAC), and California Pollution Control Financing Authority (CPCFA)

The California Tax Credit Allocation Committee (CTCAC) assists persons seeking housing, developers building housing, and the owners and managers of existing tax credit projects that benefit low-income housing residents.

Dear Reader,

Virtually every day they serve in office, local elected officials across California find themselves grappling with new decisions, or the consequences of past decisions, involving local economic development and infrastructure investments.

Elected officials make decisions on how, why, when and to what extent a community takes on debt. These decisions, if made wisely, can enhance a community’s quality of life and help it to prosper.

March 2019

Letter from Treasurer Ma

Virtually every day they serve in office, local elected officials across California find themselves grappling with new decisions, or the consequences of past decisions, involving local economic development and infrastructure investments.

Keep Reading...

Tax Day – Monday, April 15 – is fast approaching. Don’t forget to claim the federal and state “Earned Income Tax Credit,” if you qualify. The federal credit ranges from $519 to $6,431 this year, depending on income and number of children. (Though you do not need to have children to qualify, nor do you have to be married.) The Californian Earned Income Tax Credit (CalEITC) ranges from $232 to $2,879. Here is an example of how it generally works: A married couple earning less than $54,884 with three children may qualify for up to $6,431.

2019

Week of March 4th

Various Purpose General Obligation Bonds ($2.3B)

The bonds will provide funding for projects/programs under various bond acts and will refund outstanding bonds.

Week of March 11th

The Regents of the University of California General Revenue Bonds ($500M, tax-exempt & taxable)

The bonds will provide funding for 14 projects across the UC system and the rollover of taxable notes.

Week of March 18th

Veterans Home Purchase Revenue Bonds ($80M)

Meet the people in the State Treasurer’s Office whose public service inspires us and is making a difference.

Meet our February employee of the month, David Palsha! David is a PACE analyst with the California Alternative Energy & Advanced Transportation Financing Authority (CAEATFA).

The State Treasurer’s Office (STO) is focused on providing more affordable housing in California.  Shaped by a sense of urgent necessity and personal priority, we immediately created a forum for the STO and affordable housing stakeholders to connect and engage with a statewide “Affordable Housing Listening Tour.”