What is the Community Development Financial Institutions Investment Credit?
Certification is required to take this credit. The credit is 20% of each qualified deposit 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 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.
California Organized Investment Network (COIN), Department of Insurance
300 Capitol Mall, Suite 1600
Sacramento CA 95814
or go to 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.
