SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom Tuesday signed a $7.6 billion coronavirus relief package that includes $600 payments for low- to moderate-income Californians.
The new laws will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling small businesses.
People with low to moderate incomes will be eligible to get the money. That includes people who claim the California earned income tax credit on their tax returns and, in general, people making $30,000 or less per year.
Most people will get the $600 payments by claiming the California earned income tax credit on their state tax returns.
Immigrants who pay taxes using an individual taxpayer identification number and make $75,000 a year or less after deductions would also get the money.
People who receive assistance from state programs benefiting low-income families and people who are blind and disabled are also eligible.
The. stimulus package will give up to $25,000 grants to small businesses with revenues between $1,000 and $2.5 million.
Newsom signed the law as Congress is debating a much larger stimulus package for the nation.