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Board supports AB 53 to exclude military pensions from state income tax; Controller abstains pending analysis

2458659 · February 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Board voted to support AB 53, a bill to exclude military pensions from California personal income tax; Vice Chair Lieber moved and Member Vasquez seconded the motion. Controller Cohen abstained, citing lack of fiscal analysis on the record.

The Board of Equalization voted on Feb. 19 to express support for AB 53, a bill by Assemblymember Ramos to exclude military pensions from state personal income tax.

The vote is significant because California was described in the meeting as the only state that fully taxes military pensions; the measure would exempt qualifying uniformed-service retirees and survivors from state…

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