CA SB457

Allows a $1,000 tax credit for qualified taxpayers with zero registered vehicles for taxable years beginning January 1, 2023 through December 31, 2027.

Limits eligibility to taxpayers with adjusted gross income of $60,000 or less for joint filers and heads of household, or $40,000 or less for other individuals.

Requires qualified taxpayers to self-certify the number of registered vehicles owned by themselves, dependents, and entities in which they hold controlling interest, and confirm no unregistered vehicles are operated in California.

Makes the credit refundable for taxpayers who claimed the California Earned Income Tax Credit, with excess amounts paid from the Tax Relief and Refund Account.

Requires the Franchise Tax Board to report to legislative committees by July 1, 2026 on the number of claimants and average credit amounts to measure the credit's effectiveness in reducing vehicle ownership and greenhouse gas emissions.