Credit Chart

Credit Name Code Description California Competes Tax – FTB 3531 233 The credit, which is allocated and certified by the California Competes Tax Credit Committee, is available for businesses that want to come to California or to stay and grow in California. Website: business.ca.gov California Motion Picture and Television Production – FTB 3541 223 For taxable years beginning on or after January 1, 2011, the original credit is allocated and certified by the California Film Commission, and is available for qualified production expenditures attributable to a qualified motion picture, an independent film, or a TV series that relocates to California. Website: film.ca.gov Cannabis Equity Tax – FTB 3821 247 The credit is available to a qualified taxpayer that is an equity licensee that has received approval, including approval contingent upon the availability of funds, for the fee waiver and deferral program administered by the Department of Cannabis Control (DCC). Child Adoption Costs – See worksheet in the Special Credits and Nonrefundable Credits section 197 50% of qualified costs in the year an adoption is ordered. Child and Dependent Care Expenses – FTB 3506. See instructions in the Special Credits and Nonrefundable Credits section 232 Similar to the federal credit except that the California credit amount is based on a specified percentage of the federal credit. College Access Tax – FTB 3592 235 The credit, which is allocated and certified by the California Educational Facilities Authority, is available for taxpayers who contribute to the College Access Tax Credit Fund. Website: treasurer.ca.gov/cefa Dependent Parent – See instructions in the Special Credits and Nonrefundable Credits section 173 Must use married/RDP filing separately status and have a dependent parent. Disabled Access for Eligible Small Businesses – FTB 3548 205 Similar to the federal credit but limited to $125 based on 50% of qualified expenditures that do not exceed $250. Donated Agricultural Products Transportation – FTB 3547 204 50% of the costs paid or incurred for the transportation of agricultural products donated to nonprofit charitable organizations. Earned Income Tax – FTB 3514 None This refundable credit is similar to the federal Earned Income Credit (EIC) but with different income limitations. Foster Youth Tax – FTB 3514 None This refundable credit is available to taxpayers who also qualify for the California Earned Income Tax Credit (EITC), age 18 to 25, were in foster care while 13 years of age or older and placed through the California foster care system. High-Road Cannabis Tax – FTB 3820 246 The credit is available to a qualified taxpayer that is a commercial cannabis business that possesses a Type-10 (retailer), or a Type-12 (micro-business) license issued by the DCC. A qualified taxpayer must request a tentative credit reservation from the FTB. Homeless Hiring Tax – FTB 3831 244 The credit is available to qualified taxpayers that hire eligible individuals. Employers must obtain a certification of individual’s homeless status from an organization that works with the homeless and must receive a tentative credit reservation for that employee from the FTB. Joint Custody Head of Household – See worksheet in the Special Credits and Nonrefundable Credits section 170 30% of tax up to $592 for taxpayers who are single or married/RDP filing separately, who have a child and meet the support test. Low-Income Housing – FTB 3521 172 Similar to the federal credit but limited to low-income housing in California. Natural Heritage Preservation – FTB 3503 213 55% of the fair market value of any qualified contribution of property donated to the state, any local government, or any nonprofit organization designated by a local government. New California Motion Picture and Television Production – FTB 3541 237 For taxable years beginning on or after January 1, 2016, the new credit is allocated and certified by the California Film Commission, and is available for qualified production expenditures attributable to a qualified motion picture, an independent film, or a TV series that relocates to California. Website: film.ca.gov New Donated Fresh Fruits or Vegetables – FTB 3814 238 15% of the qualified value of the donated fresh fruits, vegetables, or other qualified donated items made to California food banks, based on weighted average wholesale price. New Employment – FTB 3554 234 The credit is available for qualified taxpayers that hire a qualified full-time employee, pay or incur qualified wages, and receive a tentative credit reservation for a qualified full-time employee. Nonrefundable Renter’s – See Nonrefundable Renter’s Credit Qualification Record in these instructions None For California residents who paid rent for their principal residence for at least 6 months in 2024 and whose AGI does not exceed a certain limit. Other State Tax – Schedule S 187 Net income tax paid to another state or a U.S. possession on income also taxed by California. Pass-Through Entity Elective Tax – FTB 3804-CR 242 For taxable years beginning on or after January 1, 2021, and before January 1, 2026, California allows a credit against the personal income tax to a taxpayer, other than a partnership, that is a partner, shareholder, or member of a qualified entity that elects to pay the elective tax. Prior Year Alternative Minimum Tax – FTB 3510 188 Must have paid alternative minimum tax in a prior year and have no alternative minimum tax liability in 2024. Prison Inmate Labor – FTB 3507 162 10% of wages paid to prison inmates. Program 3.0 California Motion Picture and Television Production – FTB 3541 239 For taxable years beginning on or after January 1, 2020, the program 3.0 credit is allocated and certified by the California Film Commission, and is available for qualified production expenditures attributable to a qualified motion picture, an independent film, or a TV series that relocates to California. Website: film.ca.gov Research – FTB 3523 183 Similar to the federal credit but limited to costs for research activities in California. Senior Head of Household – See worksheet in the Special Credits and Nonrefundable Credits section 163 2% of taxable income up to $1,806 for seniors who qualified for head of household in 2022 or 2023 and whose qualifying individual died during 2022 or 2023. Soundstage Filming Tax – FTB 3541 245 For taxable years beginning on or after January 1, 2022, the Soundstage Filming credit is allocated and certified by the California Film Commission, and is available for qualified production expenditures attributable to a qualified motion picture, an independent film, or a TV series that is produced in California at a certified studio construction project and by a qualified taxpayer that provides a diversity workplan that is approved by the California Film Commission. Website: film.ca.gov State Historic Rehabilitation Tax – FTB 3835 243 The credit, which is allocated by the California Tax Credit Allocation Committee, is for the rehabilitation of certified historic structures and for individual taxpayers, a qualified residence. Website: ohp.parks.ca.gov Young Child Tax – FTB 3514 None This refundable credit is available to taxpayers who also qualify for the California EITC or who would otherwise have been allowed the California EITC but they have earned income of zero dollars or less, and who have at least one qualifying child who is younger than six years old as of the last day of the taxable year.