1. (2) If the applicable dollar amount as increased or decreased by this regulation is not a multiple of $50, the applicable dollar amount is rounded down to the next multiple of $50.

(a)(1) In any calendar year after 2019, the applicable dollar amount is $695 as increased or decreased by the product of $695 and the cost-of-living adjustment determined under paragraph (2) of subdivision (d) of section 61015 of the Revenue and Taxation Code for the calendar year.

Note: Authority cited: Section 61030, Revenue and Taxation Code. Reference: Section 61015, Revenue and Taxation Code.

History

1. New section filed 12-17-2020; operative 12-17-2020. Submitted to OAL for filing and printing only pursuant to Revenue and Taxation Code section 61030(c) (Register 2020, No. 51).