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CA SB1103
Bill
AI Summary
- Increases the renters' credit for qualified renters under the Personal Income Tax Law, effective for taxable years beginning on or after January 1, 2016
- Raises credit for married couples filing joint returns, heads of household, and surviving spouses from $120 to $200 if adjusted gross income is $50,000 or less
- Raises credit for other individuals from $60 to $100 if adjusted gross income is $25,000 or less
- Removes previous provisions that would have increased income thresholds to $100,000 and $50,000 respectively and required annual inflation adjustments beginning January 1, 2018
- Takes effect immediately as a tax levy
Legislative Description
Personal income taxes: renters' credit.
Last Action
From committee without further action.
11/30/2016
Committee Referrals
Appropriations5/4/2016
Governance and Finance2/25/2016
Rules2/17/2016
Full Bill Text
No bill text available