Governor Gavin Newsom signed a comprehensive $ 7.6 billion stimulus package for California on Tuesday. It supports small businesses and distributes a $ 600 lump sum to low-income earners.
Grants to SMEs, nonprofits, and cultural institutions are said to be between $ 5,000 and $ 25,000 as grants to SMEs, and fees related to beauty, hairdressing, restaurants, and liquor licenses will continue. Exempt for 2 years.
According to Newsam, 5.7 million Californians will be eligible for a $ 600 direct payment and will be available to low- and medium-income tax credits through the California Earned Income Tax Credit. Payments to families under $ 30,000 per year.
Stimulated checks are also distributed to CalWorks beneficiaries and seniors with disabilities through the state’s supplementary security income program, state systematic improvement plans, and cash support programs for immigrants.
Small businesses can apply for a portion of the $ 2 billion grant, both small businesses and individuals will be added to the federal grant, according to Newsam.
Family members eligible for the California Earned Income Tax Credit and children eligible to use a Personal Taxpayer Identification Number (ITIN) with an income of $ 75,000 or less receive a $ 1,200 grant.
In addition to money for families and small businesses, Newsam has announced that millions of dollars will be spent on food banks, agricultural workers, low-income college students and childcare.
Newsom announces stimulus checks, grants for Californians Source link Newsom announces stimulus checks, grants for Californians