This measure amended the state income tax form to allow filers to purchase US savings bonds with a portion of their refund. Building on our successful tax-time saving legislative efforts, this bill provided another opportunity for California taxpayers to save their hard-earned refund right on the state income tax form. For many Californians, tax-time is the best time to save and begin climbing up the economic ladder.

For more on our work supporting easy, sensible saving, see our Promote Tax-Time Saving policy area page.

Status:
This bill was held in Assembly Appropriations. Bill text is at right under 'Related Files.' New America supported SB 323, another tax-time savings bill, in the 2009-2010 session.