CA ABX15

Redefines farmworker housing to include projects where not less than 50% of occupants are farmworkers and their households, instead of requiring 100% farmworker occupancy.

Increases annual tax credit allocation for farmworker housing projects from $500,000 to $25,000,000 per year across all three tax credit programs (insurance, personal income, and corporation income taxes).

Establishes new applicable percentage rates of 20% for three years and 15% for the fourth year for federally subsidized farmworker housing buildings, allowing credits even if taxpayer receives both federal and state credits.

Allows California Tax Credit Allocation Committee to allocate credits for farmworker housing projects without requiring federal credit allocation, permitting state-only credit awards.

Requires two-thirds legislative approval as it results in taxpayers paying higher taxes under California Constitution Article XIII A.