California Residents Will Receive Gas Tax Payments

California Governor Gavin Newsom and the legislature have finally agreed to a gas tax payment deal that will rebate California residents. The deal was first proposed in March but not agreed upon until this week.

California’s staggering $97 billion surplus would go partially to the residents of the states. The caveat? You have to be under a determined income threshold to get payments.

According to ABC7:

“The current proposal would return about $9.5 billion to taxpayers. Single people who make less than $75,000 per year and couples who make less than $150,000 per year would get $350 per taxpayer, plus an extra $350 for each dependent. That means a married couple earning $100,000 per year with one child would get $1,050.”

Single residents making less than $125,000 and couples who make less than $250,000 annually will get $250 plus each dependent in their home.

According to Assemblyman Miguel Santiago, “As prices increase on everything from gas to baby formula, this rebate will help the vast majority of California taxpayers, including undocumented Californians, with hundreds of dollars in direct cash assistance, providing critical relief during tough times.”

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