Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Tax Relief topic
No spam. Unsubscribe anytime.
Committee places bill to update renter’s tax credit on suspense file
Summary
AB 838 would increase the state renter’s tax credit after four decades, raising proposed amounts to better reflect rising rents, the sponsor said. The California Apartment Association and Howard Jarvis Taxpayers Association testified in support; the committee referred the bill to the suspense file.
Assemblymember Taub presented AB 838, proposing to increase California’s renter’s tax credit for the first time in roughly 40 years. The sponsor said current credit levels ($60 single filer, $120 joint filer) had not kept pace with inflation and rising rents and proposed higher credits that the sponsor argued were reasonable given current housing costs.
Angie Manetti of the California Apartment Association testified in support, describing the association’s membership of owners and property managers and saying a larger renter credit would provide relief for lowest-wage earners. John (Howard Jarvis Taxpayers Association) testified that the taxpayers association supports an increase in the renter credit and that such relief could help renters toward homeownership.
No witnesses registered formal opposition during the hearing. The committee chair announced AB 838 would be referred to the committee suspense file for fiscal review and prioritization.
