CA AB2928

Requires the State Air Resources Board to include in its annual performance analysis specific information on how incentive levels can be modified to maximize participation in the Clean Cars 4 All Program in low-income or disadvantaged communities.

Excludes from gross income for California state income tax purposes any moneys awarded to a taxpayer under the Clean Cars 4 All Program for taxable years beginning on or after January 1, 2022.

Directs the Franchise Tax Board to analyze and report annually to the Legislature on performance indicators including the number of taxpayers using the exclusion, total dollar amounts excluded, and participation by tax bracket.

Establishes the specific goal of the tax exclusion as increasing low-income driver participation in the Clean Cars 4 All Program and encouraging replacement of older, high-polluting vehicles with zero- or near-zero emission vehicles.