Bill Text: CA AB2394 | 2017-2018 | Regular Session | Amended
Bill Title: Personal income taxes: exclusion: uniformed services: retirement pay.
Sponsorship: Moderate Partisan Bill (Republican 9-1)
Status: (Introduced - Dead) 2018-05-25 - In committee: Held under submission. [AB2394 Detail]
Download: California-2017-AB2394-Amended.html
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Amended
IN
Assembly
April 24, 2018 |
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Amended
IN
Assembly
March 19, 2018 |
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
| Assembly Bill | No. 2394 |
| Introduced by Assembly Member Brough (Coauthors: Assembly Members Chen, Choi, Flora, Gallagher, Eduardo Garcia, Harper, Lackey, Mathis, and Voepel) |
February 14, 2018 |
An act to add Section 17132.9 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
LEGISLATIVE COUNSEL'S DIGEST
AB 2394, as amended, Brough.
Personal income taxes: exclusion: military uniformed services: retirement pay.
The Personal Income Tax Law imposes a tax on individual taxpayers measured by the taxpayer’s taxable income for the taxable year, but excludes certain items of income from the computation of tax, including an exclusion for combat-related special compensation.
This bill, for taxable years beginning on or after January 1, 2018, and before January 1, 2028, would exclude from gross income retirement pay received by a taxpayer from the federal government for military service performed in the Armed Forces of the United States, the reserve component of the Armed Forces of the United States, or the National Guard.
service performed in the uniformed services, as defined.
This bill would take effect immediately as a tax levy.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 17132.9 is added to the Revenue and Taxation Code, to read:17132.9.
(b) For purposes of this section, “uniformed services” means Armed Forces of the United States of America, the Army National Guard and the Air National Guard when engaged in active duty for training, inactive duty training, or full-time National Guard duty, and the commissioned corps of the United States Public Health Service.
