After weeks of talks, Gov. Gavin Newsom and legislative leaders announce a tax relief plan that includes refunds of as much as $1,050. It is part of a $300 billion budget deal announced Sunday night.
Under the tax rebate plan, households making as much as $75,000 for individuals or $150,000 for joint filers would receive $350 per taxpayer, plus an additional $350 if they have at least one dependent. So a single parent would receive $700 and two-parent families would receive $1,050.
Californians with incomes above $250,000 for an individual or $500,000 for joint filers would not receive a rebate. The relief package also includes $1.1 billion in aid for recipients of Supplemental Social Security or CalWORKs. Differences in proposed spending for universities, housing and social safety net programs, as well as the details of a major climate package, lingered as the Legislature. But the biggest holdup to a bargain, which must pass before lawmakers leave for summer recess at the end of the month, had been the dispute over direct financial assistance for taxpayers.
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Gov. Newsom, state leaders announce agreement on 2022-23 California budgetSunday night, Newsom and several state leaders announced they reached an agreement on the 2022-2023 state budget. It includes a $17 billion inflation relief package, which would offer tax refunds to millions of working Californians.
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