California Set to Pay Residents to NOT Own a Car

California Set to Pay Residents to NOT Own a Car

California doesn’t want you owning a gas-powered car by 2035.

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In fact, California would rather you not own a car.

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The California State Assembly passed a bill last week that gives a tax credit to citizens who don’t own a vehicle.

California residents who don’t own a registered vehicle could receive a $1,000 tax credit each year for five years starting in 2023.

SB 457 now awaits Gov. Gavin Newsom’s signature.

Via Openstates:

The Personal Income Tax Law allows various credits against the taxes imposed by the law. Existing law establishes the continuously appropriated Tax Relief and Refund Account and provides that payments required to be made to taxpayers or other persons from the Personal Income

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