CA SB88

Authorizes the Controller to make one-time Golden State Stimulus payments of $600 to $1,200 to qualified low-income California residents who filed tax returns for 2020, with eligibility based on Earned Income Tax Credit status or adjusted gross income under $75,000.

Creates the Golden State Stimulus Emergency Fund with continuous appropriation to fund the payments and prohibits offset of stimulus payments against delinquent state accounts or tax liabilities until January 1, 2022.

Authorizes the State Department of Social Services to make one-time $600 grant payments to recipients of CalWORKs, SSI/SSP, and Cash Assistance Program for legal immigrants to provide COVID-19 relief.

Expands Earned Income Tax Credit and Young Child Tax Credit eligibility to undocumented persons using federal individual taxpayer identification numbers and excludes one-time stimulus payments from gross income for tax purposes.

Appropriates funds to the State Controller's Office for administrative costs of processing and distributing stimulus payments and requires the Franchise Tax Board to report on payment distribution by April 1, 2022.