CA AB1821

Lowers age requirement for California Earned Income Tax Credit from 25-65 years old to 18+ years old for individuals without qualifying children, effective for taxable years beginning January 1, 2018.

Extends hiring tax credits for businesses in economically disadvantaged areas from January 1, 2026 to January 1, 2026 for Section 17053.73 and to January 1, 2030 for California Competes Tax Credit (Sections 17059.2 and 23689).

Allocates $180,000,000 annually for California Competes Tax Credit for fiscal years 2018-19 through 2022-23, with GO-Biz required to consider job creation influence and employee training opportunities when awarding credits.

Excludes earned income derived from Indian country sources from gross income for eligible Native American taxpayers who are members of federally recognized tribes and reside within Indian country in California, effective January 1, 2018.

Extends indefinitely local tax information exchange provisions between cities/counties and Franchise Tax Board that were previously set to expire January 1, 2019, for tax administration and enforcement purposes.