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Bill > AB1400
CA AB1400
CA AB1400Student financial aid: College Access Tax Credit Fund: community college student transfers: Historically Black Colleges and Universities.
summary
Introduced
02/17/2023
02/17/2023
In Committee
09/01/2023
09/01/2023
Crossed Over
05/25/2023
05/25/2023
Passed
09/12/2023
09/12/2023
Dead
Signed/Enacted/Adopted
09/30/2023
09/30/2023
Introduced Session
2023-2024 Session
Bill Summary
An act to amend and repeal Section 69431.7 of, and to add Article 16 (commencing with Section 69840) to Chapter 2 of Part 42 of Division 5 of Title 3 of, the Education Code, and to amend Section 17053.87 of the Revenue and Taxation Code, relating to student financial aid, and making an appropriation therefor.
AI Summary
This bill aims to amend the existing College Access Tax Credit Fund (CATCF) program to focus its resources on providing financial aid to community college students who transfer to Historically Black Colleges and Universities (HBCUs) that have associate degree for transfer memoranda of understanding with the California Community Colleges. Specifically, the bill would require the CATCF moneys to be used for awards of up to $5,000 for these qualifying transfer students, rather than for broader Cal Grant B access cost increases. The bill also extends the CATCF tax credit program until 2028, which allows taxpayers to receive a 50% credit for contributions to the fund.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
Chaptered by Secretary of State - Chapter 278, Statutes of 2023. (on 09/30/2023)
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