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Assembly committee hears push to exempt military retirement pay up to $20,000
Summary
Supporters urged the Assembly Revenue and Taxation Committee to adopt AB 53, which would exempt up to $20,000 of military retirement and survivor benefits from California personal income tax; the bill was referred to the committee's suspense file.
Assemblymember Arthur Ramos introduced AB 53, a measure that would exempt up to $20,000 of military retirement pay and survivor benefits from California personal income tax.
The bill's sponsor and multiple witnesses told the committee the exemption would help retain and attract military retirees and their families to California. "California is the only state that fully taxes military retirement pay," said retired U.S. Air Force…
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