Revenue and Taxation Code section 20544

(a)

(1)The amount of assistance for a claimant renting his or her residence shall be based on the claimant’s household income for the time 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 renting his or her residence shall be eligible shall be based on the following scale:

The percentage of the

If the total household

The statutory

statutory property tax

income (as defined in this

property tax

equivalent used to

part) is not more than:

equivalent is:

provide assistance is:

$8,812

$250

139%

9,400

250

136

9,987

250

133

10,575

250

131

11,163

250

128

11,750

250

125

12,337

250

122

12,925

250

119

13,513

250

116

14,101

250

113

14,688

250

110

15,275

250

106

15,863

250

100

16,451

250

94

17,038

250

88

17,626

250

83

18,213

250

77

18,800

250

71

19,389

250

65

19,976

250

59

20,564

250

54

21,151

250

49

21,738

250

45

22,327

250

41

22,914

250

36

23,500

250

32

24,088

250

29

24,675

250

26

25,263

250

23

25,851

250

20

26,438

250

17

27,908

250

15

29,376

250

12

30,846

250

10

32,314

250

9

33,783

250

7

35,251

250

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).