AB 2589 will use California’s unprecedented $ 68 billion budget surplus. According to a press release, a one-time payment of $ 2,000 per child will be made to families earning $ 30,000 or less per year.
The bill will also raise the minimum tax credit on a California tax credit from $ 1 to $ 255, which will benefit low-income taxpayers without dependents, a press release said.
Assembly member Miguel Santiago, representing counties in downtown Los Angeles and Boyle Heights, announced the bill Monday morning.
“I hope the Appropriations Committee will adopt AB 2589 and bring California closer to supporting our lowest-income families as we recover from the pandemic,” said Santiago, lead author of the bill.
The bill awaits consideration in the Appropriations Committee of the Assembly on Thursday.
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