Stimulus Checks Could Be Coming to These 4 States Soon

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The last federal stimulus check went out in 2021, but individual states are starting to receive financial aid for residents as record inflation continues to affect the bottom line and budgets of many Americans.

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As GOBankingRates reported earlier this week, 13 states are currently offering incentive money to voters. Among them are California, where a middle-class tax refund yields up to $1,050 per tax return, and Massachusetts, where a new law called Chapter 62F requires the state to refund budget surpluses to residents. In 2021, residents will get back about 14% of the state income tax they paid.

Other states that currently offer incentive payments include Colorado, Delaware, Hawaii, Illinois, Indiana, Minnesota, New Jersey, Pennsylvania, Rhode Island, South Carolina, and Virginia. Many others provided financial support earlier this year.

A few other states may soon announce stimulus packages, income tax rebates and gas rebates, Forbes reported, noting that lawmakers are still debating proposed legislation. The next payment round can take place here.

Kentucky

On the table in the state of Bluegrass is a tax relief program worth $1 billion of the state’s budget surplus. The proposal has been approved by the Senate, although the House of Representatives has yet to vote. The Commonwealth Journal reported that some lawmakers are pushing back the bill, preferring instead to cut income taxes over time.

The lawmakers have ended the sessions for the year, so it probably won’t happen until 2022. If it eventually succeeds, those who qualify could receive a one-time payment of $500 for individual applicants and $1,000 for couples filing jointly.

Montana

Montana also has a $1 billion budget surplus for the year. In two separate proposals, Republican factions within the state legislature have passed legislation to return those to residents in taxpayer tax programs, according to the Montana Free Press.

One proposal suggests $1,000 for homeowners who have paid property taxes and $1,250 for residents who have paid state taxes. The other proposal calls for a $3,000 income tax credit. Lawmakers had asked for a special session to vote on the measures by the end of 2022, but that was turned down, according to Forbes. The bills could be considered in 2023.

North Carolina

A significant budget surplus in 2022 is also the focal point of a new North Carolina bill that would put the money back into residents’ pockets. $6.5 billion is at stake, and Democratic lawmakers have proposed using it for $200 gas tax rebates for local taxpayers to help combat higher fuel prices.

As in Montana, some in the local legislature are sliding back and prefer to cut the state income tax rather than issue a one-time payment. No decision has yet been made on the proposal, according to the Associated Press.

Pennsylvania

Pennsylvania currently has a property tax/renter discount program for low-income earners. The standard benefit is $650. However, the elderly, widows and widowers, and the disabled could receive up to $975 in incentive benefits.

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Gov. Tom Wolf has proposed a new measure as part of its PA Opportunity Program. It would provide a one-time payment of $2,000 to households bringing in $80,000 or less annually to help with the costs of childcare and basic necessities such as groceries, according to a statement on the governor’s official website.

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This article originally appeared on GOBankingRates.com: Stimulus Checks May Come To These 4 States Soon

The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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