Local

California lawmakers propose state child tax credit for low-income families

LOS ANGELES (KABC) – California lawmakers are proposing a tax credit for children for low-income families to offset that which expires federally.

AB 2589 would use California’s unprecedented $ 68 billion budget surplus. The one-time payment of $ 2,000 per child will be given to families earning $ 30,000 or less per year, according to a press release.

The bill would also increase the minimum income tax credit in California from $ 1 to $ 255, to the benefit of low-income taxpayers without dependents, the press release said.

Lawmaker Miguel Santiago, who represents the county that covers parts of downtown Los Angeles and Boyle Heights, announced the bill Monday morning.

“I hope the Credit Bureau will approve AB 2589 and bring California closer to supporting our lower-income families as we recover from the pandemic,” Santiago, the bill’s lead author, said in a statement.

The bill is expected to be debated by the Assembly’s appropriations committee on Thursday.

Copyright © 2022 KABC Television, LLC. All rights reserved.

!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window,document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘365646980739398’);
fbq(‘track’, ‘PageView’);

California lawmakers propose state child tax credit for low-income families Source link California lawmakers propose state child tax credit for low-income families

Related Articles

Back to top button