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

Read Time:1 Minute, 14 Second
LOS ANGELES (KABC) – California lawmakers are proposing a child tax credit for low-income families to replenish one that expires at the federal level.

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.

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

Source by [author_name]

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Special needs patients who need a dentist have few options
Next post Inside a “complex” cross-border drug tunnel six football fields long after $ 25 million drug cessation