Cal. Rev. & Tax. Code § 20543 — Computations

(a) (1) The amount of assistance for a claimant owning his or her residential dwelling shall be based on the claimant’s household income for the period set forth in Section 20503.

(2) For claims filed with respect to the 2001 calendar year and each calendar year thereafter, the percentage of assistance for which each claimant owning his or her residential dwelling shall be eligible based on the following scale:

If the total household income (as defined in this part) is not more than:	The percentage of tax on the first $34,000 of full value (as determined for tax purposes) used to provide assistance is:
$8,812	139%
9,400	136
9,987	133
10,575	131
11,163	128
11,750	125
12,337	122
12,925	119
13,513	116
14,101	113
14,688	110
15,275	106
15,863	100
16,451	94
17,038	88
17,626	83
18,213	77
18,800	71
19,389	65
19,976	59
20,564	54
21,151	49
21,738	45
22,327	41
22,914	36
23,500	32
24,088	29
24,675	26
25,263	23
25,851	20
26,438	17
27,908	15
29,376	12
30,846	10
32,314	9
33,783	7
35,251	6

(b) With respect to assistance that is provided by the Franchise Tax Board pursuant to this chapter for the 2002 calendar year and each year thereafter, the household income figures that apply to assistance provided by the Franchise Tax Board during that period shall be the household income figures that applied to assistance provided by the Franchise Tax Board in the same period in the immediately preceding year, multiplied by an inflation factor calculated as follows:

(1) On or before February 1 of each year, the Department of Industrial Relations shall transmit to the Franchise Tax Board the percentage change in the California Consumer Price Index for all items from June of the second preceding calendar year to June of the immediately preceding calendar year.

(2) The Franchise Tax Board shall add 100 percent to the percentage change figure that is furnished pursuant to paragraph (1) and divide the result by 100.

(3) The Franchise Tax Board shall multiply the immediately preceding household income figure by the inflation adjustment factor determined in paragraph (2), and round off the resulting product to the nearest one dollar ($1).