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Senate committee advances bill to exempt first $20,000 of military retirement pay from state income tax
Summary
The subcommittee advanced SB 1, which would exempt up to $20,000 of military retirement and survivor benefit payments from California income tax for taxpayers under specified AGI limits; the bill drew broad veterans’ support and was referred to Appropriations after a 4-0 committee vote.
Senate Bill 1, which would exempt the first $20,000 of military retirement pay and survivor benefit payments from California state income tax for taxpayers under specified adjusted gross income limits, was advanced by the California State Senate subcommittee on Military and Veterans Affairs and referred to the Appropriations Committee after a 4-0 vote.
The bill’s author, Senator Cialdo, told the panel that 49 other states either fully or partially exempt military retirement and survivor benefits from state income tax and that California is the last state that fully taxes such payments. "SB 1 exempts the first…
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