California’s Newsom Vetoes Tax Credit for Medical Equipment

California Gov. Gavin Newsom vetoed a measure that would have offered a tax credit to families that incur significant expenses for medical equipment, like wheelchairs.

The bill, S.B. 785, would have allowed households with qualifying dependents to receive a tax credit for 50% of medical equipment costs that aren’t reimbursed through any other program, up to a maximum of $5,000 per dependent each year.

Newsom (D) said in his Oct. 1 veto explanation that the bill’s anticipated impact on general fund revenues was too significant to be passed outside the state budget process.

“New tax expenditures, such as ...