What is the Community Development Financial Institutions Investment Credit?

Certification is required to take this credit. The credit is equal to 20% of each qualified investment made to a community development financial institution. You can obtain certification from:

California Organized Investment Network (COIN)
Department of Insurance
300 Capitol Mall, Suite 1600
Sacramento, CA 95814

or go to www.insurance.ca.gov .

If this credit is being passed through to you as a member of an S corporation, estate or trust, partnership, or limited liability company (LLC), you should be able to find the amount of credit on your Schedule K-1.

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