Bill > SB1249

This bill, effective immediately as a tax levy, allows a new deduction for personal income taxes for qualified taxpayers between January 1, 2027, and January 1, 2032, by modifying how adjusted gross income is calculated. A "qualified taxpayer" is defined as someone whose household income is no more than 600% of the federal poverty level for their household size and who claims at least one "elderly senior dependent." An "elderly senior" is defined as an individual who is 90 years old or older in 2027, with the age requirement decreasing by one year each subsequent year until 2031, when it becomes 86 years old. The deduction amount is calculated by multiplying the federal poverty level for the taxpayer's household size by the ratio of elderly senior dependents claimed to the total household size. The bill also specifies definitions for "federal poverty level," "household income," and "household size," and states the Legislature's intent to comply with requirements for new tax expenditures.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1249