CA Rev & Tax 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).
Last Updated

Aug. 19, 2023

§ 20543’s source at ca​.gov