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AB 838 proposes larger renter tax credit after 40 years; committee refers measure to suspense file
Summary
AB 838 would raise California’s renter tax credit after four decades, with author saying current credits ($60 single, $120 joint) have not kept pace with rental-cost increases. Supporters from the rental housing sector and taxpayer groups backed the change; the committee sent the bill to the suspense file.
Vice Chair Todd presented AB 838, a proposal to increase California’s renter tax credit, which the author said currently provides $60 for single filers and $120 for joint filers and has not been adjusted in over 40 years.
The author said many renters spend 30–50% of income on housing and cited Public Policy Institute of California findings that more than half of some racial…
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