Section 20543.  


Latest version.
  • (a) (1) The amount of assistance for a claimant owning his or her residential dwelling shall be based on the claimant's household income for the period set forth in Section 20503.

    (2) For claims filed with respect to the 2001 calendar year and each calendar year thereafter, the percentage of assistance for which each claimant owning his or her residential dwelling shall be eligible based on the following scale:

    If the total household income (as defined
    in this part) is not more than:

    The percentage of tax on
    the first $34,000 of full
    value (as determined
    for tax purposes) used
    to provide assistance
    is:

    $8,812  ........................

    139%

     9,400  ........................

    136

     9,987  ........................

    133

    10,575  ........................

    131

    11,163  ........................

    128

    11,750  ........................

    125

    12,337  ........................

    122

    12,925  ........................

    119

    13,513  ........................

    116

    14,101  ........................

    113

    14,688  ........................

    110

    15,275  ........................

    106

    15,863  ........................

    100

    16,451  ........................

    94

    17,038  ........................

    88

    17,626  ........................

    83

    18,213  ........................

    77

    18,800  ........................

    71

    19,389  ........................

    65

    19,976  ........................

    59

    20,564  ........................

    54

    21,151  ........................

    49

    21,738  ........................

    45

    22,327  ........................

    41

    22,914  ........................

    36

    23,500  ........................

    32

    24,088  ........................

    29

    24,675  ........................

    26

    25,263  ........................

    23

    25,851  ........................

    20

    26,438  ........................

    17

    27,908  ........................

    15

    29,376  ........................

    12

    30,846  ........................

    10

    32,314  ........................

     9

    33,783  ........................

     7

    35,251  ........................

     6

    (b) With respect to assistance that is provided by the Franchise Tax Board pursuant to this chapter for the 2002 calendar year and each year thereafter, the household income figures that apply to assistance provided by the Franchise Tax Board during that period shall be the household income figures that applied to assistance provided by the Franchise Tax Board in the same period in the immediately preceding year, multiplied by an inflation factor calculated as follows:

    (1) On or before February 1 of each year, the Department of Industrial Relations shall transmit to the Franchise Tax Board the percentage change in the California Consumer Price Index for all items from June of the second preceding calendar year to June of the immediately preceding calendar year.

    (2) The Franchise Tax Board shall add 100 percent to the percentage change figure that is furnished pursuant to paragraph (1) and divide the result by 100.

    (3) The Franchise Tax Board shall multiply the immediately preceding household income figure by the inflation adjustment factor determined in paragraph (2), and round off the resulting product to the nearest one dollar ($1).

(Amended by Stats. 2002, Ch. 664, Sec. 206. Effective January 1, 2003.)