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.
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.
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
- Tax Credit Application Form (on-line version)
- Tax Credit Application Form (fillable PDF)
- Privacy Notice
- 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
2014 Taxable Year
Tax Credits Available
2016 Taxable Year
$1,488,017,354 as of 3/2/2016
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%.