The Personal Income Tax Law authorizes various credits against the taxes imposed by that law, including a credit for qualified renters in the amount of $120 for spouses filing joint returns, heads of household, and surviving spouses if adjusted gross income is $50,000, as adjusted, or less, and in the amount of $60 for other individuals if adjusted gross income is $25,000, as adjusted, or less.
This bill would require the Franchise Tax Board to prepare a written report by April 1, 2023, on the number of taxpayers claiming the credit, and the average credit amount on returns claiming the credit.

Statutes affected:
SB843: 17053.5 RTC
01/11/22 - Introduced: 17053.5 RTC
03/21/22 - Amended Senate: 17053.5 RTC
06/22/22 - Amended Assembly: 17053.5 RTC
08/15/22 - Amended Assembly: 17053.5 RTC
SB 843: 17053.5 RTC