California could soon offer a tax incentive to certain households that do not own cars under a bill awaiting Gov. Gavin Newsom’s consideration.
Senate Bill 457, which passed the Legislature on the final day of session last week, would offer a $1,000 tax credit per household starting in January 2023 to certain low-income taxpayers who do not own a vehicle. The bill specifies that spouses jointly filing making $60,000 or less and individuals who make $40,000 or less would be qualified for the tax credit.
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