CA AB2880

Extends the College Access Tax Credit from taxable years beginning before January 1, 2023 to before January 1, 2028, allowing taxpayers a credit equal to 50% of contributions to the College Access Tax Credit Fund.

Authorizes the Student Aid Commission to make disbursements in any fiscal year with sufficient funds and permits rollover of unspent moneys to future fiscal years for Cal Grant supplemental awards.

Allocates a portion of College Access Tax Credit Fund revenues, upon legislative appropriation, to the California Educational Facilities Authority for outreach and taxpayer education about the credit program.

Maintains the $500 million aggregate credit cap across insurance, personal income, and corporation tax credit provisions while requiring the Franchise Tax Board to provide annual reports on taxpayer participation and total credit values.

Requires Cal Grant B access awards to not fall below the amount established in the 2012 Budget Act and ensures supplemental awards do not exceed $5,000 per student.