Looks like "Universal Income" might be a real thing coming to Californians. AB-65 passed through the state assembly's revenue and taxation committee on Monday.
This bill would require the Franchise Tax Board to administer the California Universal Basic Income (CalUBI) Program, under which a California resident who is 18 years of age or older and who meets specified requirements, would receive a universal basic income of $1,000 per month. The bill would require, among other things, that the resident have has lived in the state for at least the last 3 consecutive years and that the resident’s income not exceed 200% of the median per capita income for the resident’s current county of residence, as determined by the United States Census Bureau. The bill would define universal basic income to mean unconditional cash payments of equal amounts issued monthly to individual residents of California with the intention of ensuring the economic security of recipients.
For instance, the per capita income for an Alameda County resident $47,314. In San Francisco it's $68,883 per the 2019 Census.
Alaska has a version of it, and there are also iterations of it in California already, in San Francisco, Long Beach and Stockton.
The bill is likely to head into the appropriations and fiscal committees in weeks to come.
Check out more details below.