AB 398
Personal income tax: Earned Income Tax Credit.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies California’s Earned Income Tax Credit (EITC) to provide a minimum credit of $355 for eligible individuals, regardless of their income level, starting in 2025. It adjusts the credit percentage and phaseout amounts based on an individual’s earned income, with higher percentages and lower phaseout thresholds for those with more children. The bill also includes provisions for annual adjustments to the credit calculation and requires the Franchise Tax Board to report on the credit’s impact on poverty reduction.
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