California OKs $600 stimulus payments for 5.7M people

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The California Legislature has approved $600 payments for an estimated 5.7 million people in an effort to provide some relief from the widespread financial meltdown created by the COVID-19 crisis.

People with low to moderate incomes will be eligible to get the money, including Californians who claim the state's earned income tax credit on their tax returns and, in general, people making $30,000 or less per year. Gov. Gavin Newsom has said he will sign the $7.6 billion relief package into law as soon as Tuesday.

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, as will people who receiving assistance from state programs benefiting low-income families and those who are blind and disabled.

Those qualifying for the $600 payments could see the money arrive as soon as a month after filing their tax returns, according to the Los Angeles Times.

The relief agreement also provides grants up to $25,000 for qualifying small businesses, allocates $50 million for cultural institutions, two years of fee relief for restaurants and bars, and $24 million for a program that puts farm and food processing workers in hotels if they’re exposed to the virus and can't isolate.