AB 1690: Personal Income Tax Law: young child tax credit.

<p>The bill amends California's personal income tax law by modifying the definition of "qualifying child" for the young child tax credit. For taxable years starting from January 1, 2026 to January 1, 2038, a qualifying child is defined as one younger than the age limit from the previous year plus one year. From January 1, 2038 onwards, a qualifying child will be under 18 years of age. The bill also increases payments from the tax relief and refund account, making an appropriation for this purpose.</p>