Bill > SB468

This bill authorizes counties to create their own local grant programs for residents who receive the state's child tax credit, which is a tax reduction for taxpayers with dependent children. Specifically, counties can offer a grant to taxpayers with a "federal adjusted gross income" (which refers to income after certain deductions as defined by federal tax law) below $15,000 for each "qualified child" (a dependent child under 6, or under 17 and with a disability). The bill also outlines that the grant amount can be reduced by 10% for every $1,000, or part of $1,000, that a taxpayer's federal adjusted gross income exceeds the $15,000 threshold, but the grant cannot be reduced below zero. This legislation shifts the authority for such grants from the state to the local level, allowing counties to determine the specific grant amounts and other necessary provisions.