Increase the Homeowner’s Exemption from $7,000 to $50,000 and the Renter’s Tax Credit from $60 to $275 for single individuals and $120 to $550 for joint filers. These increases reflect inflation adjustments from costs originating from 1973 and are limited to those aged 62 and above.
https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB566