Question
Which of the following is true regarding the California Competes Tax Credit (CCTC)? A. The CCTC is refundable B. The CCTC cannot be used to
Which of the following is true regarding the California Competes Tax Credit (CCTC)?
A. The CCTC is refundable
B. The CCTC cannot be used to reduce tax below tentative minimum tax
C. Any CCTCs not used in the taxable year may be carried forward up to six years
D. The CCTC does not apply to state income tax
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
