Assembly Bill 46 Personal Income Tax Exemption
- Green: Both military retired pay (MRP) and Survivor Benefit Plan payments (SBP) are fully exempt from state taxation.
- Yellow: MRP and/or SBP receive partial exemption from state taxation.
- Red: Neither MRP nor SBP is exempt from state taxation
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AB-46: UNIFORMED SERVICES RETIREMENT PAY AND SURVIVOR BENEFITS PERSONAL INCOME TAX EXCLUSION FOR CALIFORNIA
SUMMARY
This bill would, under the Personal Income Tax Law (PITL), exclude from gross income retirement pay received for service in the uniformed services and annuity payments received from a Survivor Benefit Plan.
Analysis
Official Document
Alameda MOAA