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Eligible Pasadena Residents Could Receive $600 From the State

Published on Thursday, February 18, 2021 | 1:40 pm
 

Gov. Gavin Newsom and state lawmakers have reached an agreement on a package of immediate actions that will send  relief to Californians and businesses in the state suffering severe economic hardship from the COVID-19 recession, according to a statement on the governor’s website. 

“As we continue to fight the pandemic and recover, I’m grateful for the Legislature’s partnership to provide urgent relief and support for California families and small businesses where it’s needed most,” Newsom said in a prepared statement. “From child care, relief for small business owners, direct cash support to individuals, financial aid for community college students and more, these actions are critical for millions of Californians who embody the resilience of the California spirit.”

The package provides $600 in one-time relief to households receiving the California Earned Income Tax Credit for 2020. The agreement also provides a $600 one-time payment to taxpayers who were ineligible from receiving previous federal stimulus payments, provided they meet income thresholds.  

Payments will be sent after 2020 tax returns are filed.

The agreement broadens this initial plan and now provides direct relief to more lower-income Californians through a $600 one-time grant to households enrolled in the CalWORKS program and recipients of SSI/SSP and Cash Assistance Program for Immigrants (CAPI). 

The compromise builds on the initiatives in the governor’s state budget proposal to provide cash relief to lower-income Californians, increase aid to small businesses, and provide license renewal fee waivers to businesses impacted by the pandemic. 

In addition to these measures, the agreement provides tax relief for businesses, commits additional resources for critical child care services, and funds emergency financial aid for community college students.

Companies can deduct up to $150,000 in expenses covered by the PPP loan. The agreement provides for two years of fee relief for roughly nearly 60,000 restaurants and bars. Also, 600,000 barber and beauty shops could also receive fee relief.

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