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CA AB2329
Bill
Status
2/21/2014
Primary Sponsor
Melissa Melendez
Click for details
AI Summary
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Excludes Concurrent Retirement and Disability Pay (CRDP) payments from gross income for federal income tax purposes for taxable years beginning January 1, 2015 through December 31, 2019.
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Defines "Concurrent Retirement and Disability Pay" as payments made under Section 1414 of Title 10 of the United States Code to eligible individuals who are retired and entitled to disability income.
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Defines "eligible individual" as active, reserve, or retired members of the United States military who served in active duty.
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The tax exclusion provision automatically repeals on December 1, 2020.
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Takes effect immediately as a tax levy under Article IV of the California Constitution.
Legislative Description
Personal Income Tax Law: exclusion: military veterans: concurrent retirement and disability pay.
Last Action
Joint Rule 62(a), file notice suspended. (Page 5065.) In committee: Set, second hearing. Held under submission.
5/23/2014