CA SB14

Creates a grant program administered by the Franchise Tax Board to repay National Guard members who paid taxes on enlistment bonuses awarded between January 1, 2004, and January 1, 2011, that they were required to repay to the Defense Finance and Accounting Service.

Grant amount equals the taxes paid on the repaid enlistment bonus; applicants must submit a tax return from the year they paid taxes on the bonus.

Excludes grant amounts from gross income for California personal income tax purposes.

Appropriates necessary funds from the General Fund to the Franchise Tax Board to cover grants and program administration.

Takes effect immediately as an urgency statute.