9/3/2022
RawNews1st – California state officials are doing everything they can to bring down the state’s emissions, even though the grid isn’t quite up to the task of handling all those EVs.
On Wednesday, state officials took things a step further and passing a bill that would give a tax credit to income-challenged residents who don’t own cars, the Washington Post reports.
The bill essentially incentivizes not owning a vehicle, by providing a $1,000 tax credit for single filers making up to $40,000 per year; $60,000 for joint filers.
While it looks good on paper for residents, it doesn’t come across that way once you hear that this incentive is a very scaled-back version of what was originally proposed.
Originally, the bill was supposed to give $2,500 to all residents, and there was no income cap. Even those that had fewer cars than household members would be eligible for the tax break.
But like all things political, compromises had to be made, and some lawmakers consider what was passed a win. Some even go so far as to assume that an extra grand in residents pockets eventually be used for local transit, like LA’s Metro.
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