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SB-691 Taxation.(2021-2022)

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Date Published: 02/19/2021 09:00 PM
SB691:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Senate Bill
No. 691


Introduced by Senator Rubio

February 19, 2021


An act relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


SB 691, as introduced, Rubio. Taxation.
The Personal Income Tax Law, beginning on or after January 1, 2015, in modified conformity with federal income tax laws, allows an earned income tax credit against personal income tax and a payment from the Tax Relief and Refund Account for an allowable credit in excess of tax liability, to an eligible individual that is equal to that portion of the earned income tax credit allowed by federal law as determined by the earned income tax credit adjustment factor, as specified.
This bill states the intent of the Legislature to enact legislation that would expand the California Earned Income Tax Credit.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 It is the intent of the Legislature to enact legislation that would expand the California Earned Income Tax Credit.