Bill Text: CA AB24 | 2019-2020 | Regular Session | Amended
Bill Title: Personal income taxes: Targeted Child Tax Credit.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2020-02-03 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB24 Detail]
Download: California-2019-AB24-Amended.html
Amended
IN
Assembly
March 26, 2019 |
Assembly Bill | No. 24 |
Introduced by Assembly Member Burke |
December 03, 2018 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law establishes various programs that provide cash assistance and other benefits relating to health care, food, and housing, among other things, to qualified low-income families and individuals, including, among others, the California Work Opportunity and Responsibility to Kids Act (CalWORKs program), the California Earned Income Tax Credit, Medi-Cal, CalFresh, the California Special Supplemental Nutrition Program for Women, Infants, and Children (WIC Program), and the Emergency Housing and Assistance Program.
Existing law also establishes the Lifting Children and Families Out of Poverty Task Force for the purpose of recommending future comprehensive strategies aimed at addressing deep child poverty and reducing child poverty in the state. The task force is required to submit a report to
the executive branch administration and the Legislature by no later than November 1, 2018.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
The Legislature finds and declares all of the following:SEC. 2.
Section 17053.75 is added to the Revenue and Taxation Code, to read:17053.75.
(a) For each taxable year beginning on or after January 1, 2019, there shall be allowed to a qualified taxpayer as a credit against the “net tax,” as defined in Section 17039, a Targeted Child Tax Credit (TCTC) in an amount equal to an amount determined in accordance with subdivision (c).SEC. 3.
This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.(a)It is the intent of the Legislature to enact legislation that would address deep poverty among children and move toward reducing the overall child poverty rate in the state.
(b)In seeking to address deep child poverty and reduce overall child poverty, it is the intent of the Legislature to enact legislation that would build on the substantial foundation and progress that has been made in helping low-income Californians and addressing child poverty in the state, such as increases to the minimum wage, the elimination of the maximum family grant rule in the CalWORKs program,
housing and utility support programs, school nutrition programs, the local control funding formula for K–12 education, state programs under the federal Workforce Innovation and Opportunity Act, expansion of health care, investments in child development, the California Earned Income Tax Credit, and outreach and assistance with the federal earned income tax credit.
(c)It is further the intent of the Legislature to enact legislation that would establish a Targeted Child Tax Credit as recommended by the Lifting Children and Families Out of Poverty Task Force as part of a comprehensive strategy to end deep child poverty and to reduce the overall child poverty rate in the state.