Bill Text: CA AB1077 | 2009-2010 | Regular Session | Introduced

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Bill Title: Income taxes: exclusion: military retirement benefits.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-02-02 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB1077 Detail]

Download: California-2009-AB1077-Introduced.html

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BILL NUMBER: AB 1077	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Anderson

                        FEBRUARY 27, 2009

   An act to add Section 17140.6 to the Revenue and Taxation Code,
relating to taxation, to take effect immediately, tax levy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1077, as introduced, Anderson. Income taxes: exclusion:
military retirement benefits.
   The Personal Income Tax Law provides various exclusions from gross
income in computing tax liability.
   This bill would provide an exclusion from gross income for retired
pay and survivor annuities received by an individual as a result of
the active service of a member of the Armed Forces of the United
States.
   This bill would take effect immediately as a tax levy.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 17140.6 is added to the Revenue and Taxation
Code, to read:
   17140.6.  (a) Gross income shall not include retired pay and
survivor annuities received by an individual as a result of the
active service of a member of the Armed Forces of the United States.
   (b) For purposes of this section:
   (1) "Retired pay" means retired pay (including disability retired
pay) computed by reference to Chapter 71 of Title 10 of the United
States Code.
   (2) "Survivor annuities" means annuities payable pursuant to
Chapter 73 of Title 10 of the United States Code.
  SEC. 2.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.