The California Tax Credit Allocation (TCAC) made another round of edits to their Proposed Emergency Regulation Changes. The new edits are in purple and primarily impact how the new federal tax credits will be apportioned among the counties. TCAC proposes to award each county $3.5 million with the remaining $53 million distributed to the counties based on the number of lost units, $2 million of which is set aside as supplemental. Comments are due by 5:00 pm PT on May 18 to jblackwell@treasurer.ca.gov and azeto@treasurer.ca.gov. TCAC will hold a teleconference at 10:00 am PT on May 7 to explain, answer questions and solicit comments regarding the proposals. Dial 888-557-8511 and code 5651115 to join the call.