14 - Laserfiche WebLink

I LT r=—ZE Egf r,In,ff";)I IN,IT.-11'.IT -I-EASANT«Nm DRAFT 2023 Legislative Positions Bill # and Title Description Recommended TVC City Position Position/League Position multifamily housing proponent has committed to record, prior to the issuance of the first developments. building permit, a land use restriction or covenant providing that any lower or moderate-income housing units required, as specified, remain available at affordable housing costs, as defined, or rent to persons and families of lower or moderate-income for no less than specified periods of time. Existing law repeals these provisions on January 1, 2026. This bill would authorize the Department of General Services to act in the place of a locality or local government, at the discretion of that department, for purposes of the ministerial, streamlined review for development on property owned by or leased to the state. The bill would delete the January 1, 2026, repeal date, thereby making these provisions operative indefinitely. This bill contains other related provisions and other existing laws. 18 SB 569 The Personal Income Tax Law authorizes various credits against Support Pending/Watch (Glazer) the taxes imposed by that law, including a credit for qualified renters in the amount of$120 for spouses filing joint returns, heads Taxation: of household, and surviving spouses if adjusted gross income is renter's $50,000, as adjusted, or less, and in the amount of$60 for other credit. individuals if adjusted gross income is $25,000, as adjusted, or less. Current law requires the Franchise Tax Board to annually adjust for inflation these adjusted gross income amounts. For 2021, the adjusted gross income limit is $87,066 and $43,533, respectively. Current law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. Current law establishes the continuously appropriated Tax Relief and Refund Account in the General Fund and provides that payments required to be made to taxpayers or other persons from the Personal Income Tax Fund are to be paid from that account. This bill, for taxable years beginning on or after January 1, 2023, and before January 1, 2028, would require the Franchise Tax Board to annual) 10Page Updated 4.10.23