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STATE OF CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 915 CAPITOL MALL, ROOM 485 SACRAMENTO, CA 95814 TELEPHONE: (916) 654-6340 FAX: (916) 654-6033 Lynn Were an Executive Director MEMBERS Philip Ang

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What is california tax credit allocation?

California tax credit allocation is a program that allocates tax credits to eligible businesses for investment in low-income communities.

Who is required to file california tax credit allocation?

Businesses that have invested in low-income communities in California are required to file california tax credit allocation.

How to fill out california tax credit allocation?

California tax credit allocation can be filled out online or by mail using the official forms provided by the California Department of Tax and Fee Administration.

What is the purpose of california tax credit allocation?

The purpose of california tax credit allocation is to incentivize businesses to invest in low-income communities and create economic opportunities in these areas.

What information must be reported on california tax credit allocation?

Businesses must report their investment details, including the amount invested, location of the investment, and the impact of the investment on the community.

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