Proposition Summary
RENTERS' INCOME TAX CREDIT. LEGISLATIVE CONSTITUTIONAL AMENDMENT. • Amends Constitution by allowing a credit to qualified renters against their net income tax. • Credit to be not less than $120 for married couples filing joint returns, heads of household, and surviving spouses, and not less than $60 for individuals. • Authorizes Legislature to amend existing statutes and adopt new statutes to timely or properly administer the credit. • Applies to taxable years beginning on or after January 1, 1995. Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: • Adoption of this measure would result in state costs of about $100 million in 1995-96. • Unknown but potential increase in costs in the future, depending upon actions that would otherwise be taken by the state to reduce the renters' credit.
Proposition Number
175
Year
1994
Document Type
Proposition
Pass/Fail
Fail
Popular Vote Results
Y: 1907537; A: 42.63; N: 2567476; B: 57.37
Election Type
Primary
Proposition Type
Senate Constitutional Amendment
Recommended Citation
Renters' Income Tax Credit. California Proposition 175 (1994).
https://repository.uclawsf.edu/ca_ballot_props/1093