Taxation: Personal Income Tax Law: cost-of-living refundable tax credit.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill establishes a refundable credit that reduces personal income tax for qualifying California residents during tax years 2027 through 2031. Credit amounts depend on filing status, adjusted gross income and whether the taxpayer has dependents, and any excess is refunded from a continuously appropriated fund. The credit is also excluded from the taxpayer’s gross income.

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

Vote

April 8 set for first hearing. Failed passage in committee. (Ayes 1. Noes 4. Page 3795.) Reconsideration granted. · Apr 8, 2026

Hearings

• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 8, 2026
• Revenue and Taxation
  Senate Revenue and Taxation Committee · Apr 8, 2026

History

1. Apr 8, 2026April 8 set for first hearing. Failed passage in committee. (Ayes 1. Noes 4. Page 3795.) Reconsideration granted.
2. Mar 25, 2026Set for hearing April 8.
3. Mar 4, 2026Referred to Com. on REV. & TAX.
4. Feb 23, 2026Read first time.
5. Feb 23, 2026From printer. May be acted upon on or after March 23.
6. Feb 20, 2026Introduced. To Com. on RLS. for assignment. To print.

Sponsors

• Grove · sponsor

Bill text

Opens the legislature’s own copy.

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