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Committee advances senior personal income tax credit after author narrows eligibility
Summary
The Senate committee advanced SB 1096, a personal-income tax credit for seniors that was narrowed in committee amendments to exclude dependents who received foster care payments; staff said a $1,500 credit would phase out beginning at $75,000 (single) or $150,000 (joint) and be available for tax years 2026–2030.
The California State Senate Committee on Revenue and Taxation voted to pass SB 1096 to the Committee on Appropriations after the author accepted committee amendments that narrow eligibility and clarify technical issues.
The bill, described in committee by a staff witness, would authorize a $1,500 personal‑income tax credit for certain seniors for tax years 2026 through 2030. The staff summary said the credit “excludes the credit eligibility for dependents for whom a foster care payment was made,” that the $1,500 credit “phases out at a rate of 6% of income above $75,000 for single filers or $150,000 for married filing jointly,” and that “the bill authorizes excess credit to be carried forward for 7 years.” The staff witness attributed the conforming and technical changes to Franchise Tax Board recommendations.
No witnesses registered opposition. Senator Grayson praised the author and the committee for amending the measure, saying the changes “showed a genuine effort and passion … to help those that are truly in need.” The committee subsequently moved the bill and recorded the vote; the item was placed on call and later reported out with the final tally recorded in committee.
The committee will send SB 1096 to Appropriations for further consideration. The author and staff will appear at the next committee hearing if additional questions or fiscal issues are raised.
