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The 2026-27 California Spending Plan: Housing, Homelessness, and Local Government

Sep 18, 2026 - (As noted above, TCAC also allocates federal tax credits on behalf of the state.) The approved state tax credits do not result in any budgetary costs in 2026-27 because the credits will be claimed on future tax returns .
https://lao.ca.gov/publications/report/5199