Revenue and Taxation Code section 20543

(a)

(1)The amount of assistance for a claimant owning his or her residential dwelling shall be based on the claimant’s household income for the period set forth in Section 20503.

(2)

For claims filed with respect to the 2001 calendar year and each calendar year thereafter, the percentage of assistance for which each claimant owning his or her residential dwelling shall be eligible based on the following scale:

If the total household income (as defined in this part) is not more than:

The percentage of tax on the first $34,000 of full value (as determined for tax purposes) used to provide assistance is:

$8,812

139%

9,400

136

9,987

133

10,575

131

11,163

128

11,750

125

12,337

122

12,925

119

13,513

116

14,101

113

14,688

110

15,275

106

15,863

100

16,451

94

17,038

88

17,626

83

18,213

77

18,800

71

19,389

65

19,976

59

20,564

54

21,151

49

21,738

45

22,327

41

22,914

36

23,500

32

24,088

29

24,675

26

25,263

23

25,851

20

26,438

17

27,908

15

29,376

12

30,846

10

32,314

9

33,783

7

35,251

6

(b)

With respect to assistance that is provided by the Franchise Tax Board pursuant to this chapter for the 2002 calendar year and each year thereafter, the household income figures that apply to assistance provided by the Franchise Tax Board during that period shall be the household income figures that applied to assistance provided by the Franchise Tax Board in the same period in the immediately preceding year, multiplied by an inflation factor calculated as follows:

(1)

On or before February 1 of each year, the Department of Industrial Relations shall transmit to the Franchise Tax Board the percentage change in the California Consumer Price Index for all items from June of the second preceding calendar year to June of the immediately preceding calendar year.

(2)

The Franchise Tax Board shall add 100 percent to the percentage change figure that is furnished pursuant to paragraph (1) and divide the result by 100.

(3)

The Franchise Tax Board shall multiply the immediately preceding household income figure by the inflation adjustment factor determined in paragraph (2), and round off the resulting product to the nearest one dollar ($1).