California: Budget tax changes enacted

Type
:
Development
Tax Area
:
Various
Status
:
Adopted
Qualification
:
Various
Implemented date
:
NA
Country
:
California
Date added
1 Jul
,
2024
Docxster’s Summary

The California budget for 2021-2022 has been enacted, bringing about several tax changes. The budget includes a $100 billion economic recovery package, which includes stimulus checks for low-income families and small businesses. The budget also includes a tax credit for small businesses that hire new employees and a tax credit for families with children. Additionally, the budget expands the Earned Income Tax Credit for low-income families and increases funding for education and healthcare.

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Corem ipsum dolor sit amet, consectetur adipiscing elit. Nunc vulputate libero et velit interdum, ac aliquet odio mattis. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Curabitur tempus urna at turpis condimentum lobortis. Ut commodo efficitur neque. Ut diam quam, semper iaculis condimentum ac, vestibulum eu nisl.Corem ipsum dolor sit amet, consectetur adipiscing elit. Nunc vulputate libero et velit interdum, ac aliquet odio mattis. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Curabitur tempus urna at turpis condimentum lobortis. Ut commodo efficitur neque. Ut diam quam, semper iaculis condimentum ac.

Source :
KPMG
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