Governor Gavin Newsom signed into law the Golden State Stimulus bill. The $7.6 billion bill will provide relief to millions who have been hard hit by the pandemic as well as small businesses.
The bill includes $600 stimulus payments that will be sent out to 5.7 million people. Taxpayers with individual identification numbers who also qualify for California’s state earned income tax credit would receive a total of $1,200 in state stimulus. In order to claim the money recipients will need to file a tax return.
More Information: www.ftb.ca.gov
