California Educational Facilities Authority

College Access Tax Credit Fund

Designed to provide a tax credit to taxpayers and businesses who contribute to the State’s Cal Grants financial aid program.

Contact Information

For assistance with tax questions, please contact the California Franchise Tax Board (FTB) through FTB’s website or call 800-852-5711.

For assistance with the application or payment of contributions, please contact California Educational Facilities Authority at (916) 654-5711.

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The College Access Tax Credit Program provides a tax credit to taxpayers and businesses who contribute to Cal Grants, the State of California’s largest source of educational financial aid. The credit can be used to offset or reduce taxes.

Cal Grants provide aid to in need California undergraduates, vocational training students and those in teacher certification programs. These grants help California students achieve their higher education goals.

The California Educational Facilities Authority (CEFA) is required to allocate and certify up to $500 million in College Access Tax Credits for the years 2014, 2015, 2016 and 2017.

For Tax Credit Seekers

Online Payment

  • ACH Online Payment – Pay Contribution using Personal Checking/Saving Accounts or Corporate Bank Account via online payment service

    Please note – Use of online payment service is only available after CEFA confirms tax credits availability and a Notice of Allocation Reservation is sent to the taxpayer within 10 days from CEFA’s receipt of the Application.

Tax Credits Allocated

2015 Taxable Year

$8,231,253

2014 Taxable Year

$3,751,393

Tax Credits Available

2016 Taxable Year

$1,488,017,354 as of 3/2/2016

Application Period

The application period for the 2016 taxable year is now open.

The application period for the 2016 taxable year is Wednesday, March 2, 2016 and ends at 5:00 p.m. (Pacific Time) on Tuesday, January 3, 2017.  The amount of the tax credit, based on the percentage of the contribution, will be 50%.