2023 – Assembly Bill 858 (Muratsuchi, Al), California Climate Cashback Program (2-Year)
Bill Number
AB 858
Legislative Session
2023-2024
Bill Information
Category
Climate Change
Status
2-year
Author
Muratsuchi.Al
Contact
Office of Legislative Affairs
Email
Summary
This bill creates the Climate Cashback Program to be administered by the Franchise Tax Board for the public purpose of mitigating the costs of transitioning to a low-carbon economy. The bill requires the Franchise Tax Board to develop and implement the program by December 31, 2024, to deliver quarterly per capita cashback payments to all California residents and sets other requirements for the operation of the program. Was not heard in the Assembly Natural Resources Committee.