Amended IN Assembly March 23, 2023 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 1002Introduced by Assembly Member IrwinFebruary 15, 2023 An act to amend Section 19850 add and repeal Section 19534 of the Revenue and Taxation Code, relating to taxation.LEGISLATIVE COUNSEL'S DIGESTAB 1002, as amended, Irwin. Earned Income Tax Credit Information Act. credit: young child tax credit: foster youth tax credit: study: tax returns.The Personal Income Tax Law, administered by the Franchise Tax Board, in modified conformity with federal income tax laws, allows an earned income tax credit against personal income tax and a payment from the Tax Relief and Refund Account for an allowable credit in excess of tax liability to an eligible individual that is equal to that portion of the earned income tax credit allowed by federal law, as determined by the earned income tax credit adjustment factor, as specified. The Personal Income Tax Law also allows a young child tax credit and a foster youth tax credit against the taxes imposed under that law to a qualified taxpayer in a specified amount multiplied by the earned income tax credit adjustment factor, and allows a payment from the Tax Relief and Refund Account for an amount in excess of tax liability. This bill would require the Franchise Tax Board to conduct a study on potential programs for eligible taxpayers to claim the earned income tax credit, the young child tax credit, and the foster youth tax credit without filing a tax return. The bill would require the Franchise Tax Board to submit a written report to the Legislature detailing the findings and recommendations developed pursuant to that study no later than January 1, 2026.The Earned Income Tax Credit Information Act requires employers to notify employees that they may be eligible for the federal and state earned income tax credit, as specified.This bill would make a nonsubstantive change to that provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 19534 is added to the Revenue and Taxation Code, to read:19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:(1) Necessary authority required to establish a program. (2) Risks of administration or implementation, including risks of fraud and false claims.(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).SECTION 1.Section 19850 of the Revenue and Taxation Code is amended to read:19850.This act shall be known, and may be cited, as the Earned Income Tax Credit Information Act.
Amended IN Assembly March 23, 2023 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 1002Introduced by Assembly Member IrwinFebruary 15, 2023 An act to amend Section 19850 add and repeal Section 19534 of the Revenue and Taxation Code, relating to taxation.LEGISLATIVE COUNSEL'S DIGESTAB 1002, as amended, Irwin. Earned Income Tax Credit Information Act. credit: young child tax credit: foster youth tax credit: study: tax returns.The Personal Income Tax Law, administered by the Franchise Tax Board, in modified conformity with federal income tax laws, allows an earned income tax credit against personal income tax and a payment from the Tax Relief and Refund Account for an allowable credit in excess of tax liability to an eligible individual that is equal to that portion of the earned income tax credit allowed by federal law, as determined by the earned income tax credit adjustment factor, as specified. The Personal Income Tax Law also allows a young child tax credit and a foster youth tax credit against the taxes imposed under that law to a qualified taxpayer in a specified amount multiplied by the earned income tax credit adjustment factor, and allows a payment from the Tax Relief and Refund Account for an amount in excess of tax liability. This bill would require the Franchise Tax Board to conduct a study on potential programs for eligible taxpayers to claim the earned income tax credit, the young child tax credit, and the foster youth tax credit without filing a tax return. The bill would require the Franchise Tax Board to submit a written report to the Legislature detailing the findings and recommendations developed pursuant to that study no later than January 1, 2026.The Earned Income Tax Credit Information Act requires employers to notify employees that they may be eligible for the federal and state earned income tax credit, as specified.This bill would make a nonsubstantive change to that provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO
Amended IN Assembly March 23, 2023
Amended IN Assembly March 23, 2023
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 1002
Introduced by Assembly Member IrwinFebruary 15, 2023
Introduced by Assembly Member Irwin
February 15, 2023
An act to amend Section 19850 add and repeal Section 19534 of the Revenue and Taxation Code, relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1002, as amended, Irwin. Earned Income Tax Credit Information Act. credit: young child tax credit: foster youth tax credit: study: tax returns.
The Personal Income Tax Law, administered by the Franchise Tax Board, in modified conformity with federal income tax laws, allows an earned income tax credit against personal income tax and a payment from the Tax Relief and Refund Account for an allowable credit in excess of tax liability to an eligible individual that is equal to that portion of the earned income tax credit allowed by federal law, as determined by the earned income tax credit adjustment factor, as specified. The Personal Income Tax Law also allows a young child tax credit and a foster youth tax credit against the taxes imposed under that law to a qualified taxpayer in a specified amount multiplied by the earned income tax credit adjustment factor, and allows a payment from the Tax Relief and Refund Account for an amount in excess of tax liability. This bill would require the Franchise Tax Board to conduct a study on potential programs for eligible taxpayers to claim the earned income tax credit, the young child tax credit, and the foster youth tax credit without filing a tax return. The bill would require the Franchise Tax Board to submit a written report to the Legislature detailing the findings and recommendations developed pursuant to that study no later than January 1, 2026.The Earned Income Tax Credit Information Act requires employers to notify employees that they may be eligible for the federal and state earned income tax credit, as specified.This bill would make a nonsubstantive change to that provision.
The Personal Income Tax Law, administered by the Franchise Tax Board, in modified conformity with federal income tax laws, allows an earned income tax credit against personal income tax and a payment from the Tax Relief and Refund Account for an allowable credit in excess of tax liability to an eligible individual that is equal to that portion of the earned income tax credit allowed by federal law, as determined by the earned income tax credit adjustment factor, as specified. The Personal Income Tax Law also allows a young child tax credit and a foster youth tax credit against the taxes imposed under that law to a qualified taxpayer in a specified amount multiplied by the earned income tax credit adjustment factor, and allows a payment from the Tax Relief and Refund Account for an amount in excess of tax liability.
This bill would require the Franchise Tax Board to conduct a study on potential programs for eligible taxpayers to claim the earned income tax credit, the young child tax credit, and the foster youth tax credit without filing a tax return. The bill would require the Franchise Tax Board to submit a written report to the Legislature detailing the findings and recommendations developed pursuant to that study no later than January 1, 2026.
The Earned Income Tax Credit Information Act requires employers to notify employees that they may be eligible for the federal and state earned income tax credit, as specified.
This bill would make a nonsubstantive change to that provision.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 19534 is added to the Revenue and Taxation Code, to read:19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:(1) Necessary authority required to establish a program. (2) Risks of administration or implementation, including risks of fraud and false claims.(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).SECTION 1.Section 19850 of the Revenue and Taxation Code is amended to read:19850.This act shall be known, and may be cited, as the Earned Income Tax Credit Information Act.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 19534 is added to the Revenue and Taxation Code, to read:19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:(1) Necessary authority required to establish a program. (2) Risks of administration or implementation, including risks of fraud and false claims.(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).
SECTION 1. Section 19534 is added to the Revenue and Taxation Code, to read:
### SECTION 1.
19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:(1) Necessary authority required to establish a program. (2) Risks of administration or implementation, including risks of fraud and false claims.(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).
19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:(1) Necessary authority required to establish a program. (2) Risks of administration or implementation, including risks of fraud and false claims.(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).
19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:(1) Necessary authority required to establish a program. (2) Risks of administration or implementation, including risks of fraud and false claims.(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).
19534. (a) (1) On or before July 1, 2024, the Franchise Tax Board shall commence a study on potential programs for eligible taxpayers to claim the earned income tax credit under Section 17052, the young child tax credit under Section 17052.1, and the foster youth tax credit under Section 17052.2 without filing a tax return.
(2) The Franchise Tax Board may contract with a third party for all or parts of the study required by paragraph (1).
(b) The study required by subdivision (a) shall include an analysis and recommendations on the following:
(1) Necessary authority required to establish a program.
(2) Risks of administration or implementation, including risks of fraud and false claims.
(3) Estimated costs of implementation, including any potential increase in utilization of the tax credits.
(c) No later than January 1, 2026, the Franchise Tax Board shall submit a written report to the Legislature, in accordance with Section 9795 of the Government Code, detailing the findings and recommendations developed pursuant to the study required under subdivision (a).
This act shall be known, and may be cited, as the Earned Income Tax Credit Information Act.