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The original program was aimed at low-income California residents, but was expanded in July to cover those who make $75,000 or less a year, according to the California Franchise Tax Board.
The Middle Class Tax Refund, California's final wave of stimulus payments, started going out to eligible state taxpayers on Dec. 19, 2022. Payments will continue to be mailed out to citizens ...
Since federal Economic Impact Payments -- or pandemic stimulus checks -- were discontinued in 2021, California has been one of many states to provide regular financial relief to residents still...
Sparked by state surpluses and growing state revenues, many U.S. states have passed tax relief programs to provide financial aid to residents since federal pandemic checks were discontinued in ...
On February 23, Newsom signed the $7.6 billion Golden State Stimulus bill which will provide $600 stimulus checks to qualifying residents, $2 billion in grants for small businesses, as well as millions in aid for food banks, low-income community college students, and agricultural workers who may have been exposed to COVID-19. [98]
The California Franchise Tax Board announced this week that the second round of state stimulus payments will be released tomorrow, Sept. 17. An estimated 2 million checks are set to hit bank ...
There would be about $485 billion in safety net spending, including the expansion of unemployment benefits, increased Supplemental Nutrition Assistance Program (SNAP) benefits, increased funding utilities payments and job training for low-income individuals, and a 25% increase in aid to disabled veterans. There would be about $435 billion for ...
Proposition 13 is not the only law in California designed to prevent tax-induced displacement. The California Tax Postponement Program, passed in 1977, ensures that “homeowners who are seniors, are blind, or have a disability to defer current-year property taxes on their principal residence if they meet certain criteria”. [11]