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CA AB2004

Bill

Official Source

Status

Introduced

2/23/2012

Primary Sponsor

Steve Knight

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Excludes Combat-Related Special Compensation (CRSC) and Concurrent Retirement and Disability Pay (CRDP) payments from gross income for active, reserve, or retired military members for taxable years beginning January 1, 2013
  • CRSC includes payments for service in a combat zone as defined in Section 1413a of Title 10 of the United States Code
  • CRDP includes payments for individuals who are retired and entitled to disability income as defined in Section 1414 of Title 10 of the United States Code
  • Limits the total annual exclusion to $60,000 per taxable year for combined CRSC and CRDP payments
  • Provisions become inoperative and are repealed on January 1, 2018

Legislative Description

Personal Income Tax Law: exclusion: military veterans:

Last Action

In committee: Set, first hearing. Held under submission.

5/25/2012

Committee Referrals

Appropriations5/15/2012
Revenue and Taxation3/8/2012

Full Bill Text

No bill text available