Today's Law As Amended


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AB-2712 California Universal Basic Income (CalUBI) Program.(2019-2020)



As Amends the Law Today


SECTION 1.

 Chapter 13 (commencing with Section 18992) is added to Part 6 of Division 9 of the Welfare and Institutions Code, to read:

CHAPTER  13. California Universal Basic Income (CalUBI) Program
18992.
 This chapter shall be known, and may be cited, as the California Universal Basic Income Act.
18992.1.
 (a) Subject to an appropriation by the Legislature for this purpose, the Franchise Tax Board shall administer the California Universal Basic Income (CalUBI) Program. A California resident who is 18 years of age or older, and who meets the requirements in subdivision (b), may elect to participate in the CalUBI Program to receive a universal basic income of $1,000 per month.
(b) A California resident is eligible to participate in the CalUBI Program if they meet all of the following requirements:
(1) The resident currently resides in California.
(2) The resident has lived in California for at least the last three consecutive years.
(3) The resident is not currently incarcerated in a county jail or the state prison.
(4) The resident’s income does not exceed 200 percent of the median per capita income for the resident’s current county of residence, as determined by the United States Census Bureau.
(c) Upon an individual’s registration for the CalUBI Program, the Franchise Tax Board shall notify the individual in writing that CalUBI Program may affect their eligibility for certain federal welfare programs.
18992.2.
 For purposes of this chapter, “universal basic income” means unconditional cash payments of equal amounts issued monthly to individual residents of California with the intention of ensuring the economic security of recipients.
18992.3.
 The Franchise Tax Board shall adopt regulations to implement this chapter.
18992.4.
 (a) Income received from the CalUBI Program shall not be considered taxable income for the purpose of state income taxes, and shall not be considered in calculating any state tax credits.
(b) Income received from the CalUBI Program shall not affect income eligibility for any programs administered and funded by the state.
SEC. 2.
 (a) On or before July 1, 2024, the California Department of Tax and Fee Administration shall submit a report to the Legislature on the feasibility of establishing a new state tax to finance the California Universal Basic Income (CalUBI) Program. The report shall consider the feasibility of establishing a value-added tax on goods and services in the state, an analysis of the feasibility of taxing the sale of services offered in the state, and an analysis of the feasibility of raising the corporate tax. The report shall also include projections of expected tax revenue.
(b) The report required by subdivision (a) shall be submitted in compliance with Section 9795 of the Government Code.
SEC. 3.
 The provisions of this act are severable. If any provision of this act or its application is held invalid, that invalidity shall not affect other provisions or applications that can be given effect without the invalid provision or application.