Taxation: renter’s credit.

Summary

The bill would temporarily increase the state renter’s credit from $120/$60 to $2,000/$1,000 and raise the income thresholds to $150,000/$75,000 for qualifying renters. The larger credit would be refundable if it exceeds the taxpayer’s liability, and the amounts would be adjusted for inflation each year. It also requires the Franchise Tax Board to report usage and impact to several budget committees.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Revenue and Taxation Committee Hearing
  Revenue and Taxation · May 5, 2025
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Mar 24, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 5, 2025In committee: Set, second hearing. Held under submission.
4. Mar 24, 2025In committee: Set, first hearing. Referred to suspense file.
5. Mar 3, 2025Referred to Com. on REV. & TAX.
6. Feb 20, 2025From printer. May be heard in committee March 22.
7. Feb 19, 2025Read first time. To print.

Sponsors

• Ta · sponsor

Bill text

Opens the legislature’s own copy.

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