CA SB1007

Excludes retirement pay received from the federal government for uniformed services from California gross income for taxable years beginning January 1, 2021 through December 31, 2030.

Defines "uniformed services" as the Armed Forces of the United States, Army and Air National Guard when on active duty or training, and the commissioned corps of the U.S. Public Health Service.

Requires the Legislative Analyst to report by December 1, 2030 on the exclusion's effectiveness, including the number of veterans using it and its impact on veteran economic security and migration patterns.

Authorizes the Franchise Tax Board and Department of Veterans Affairs to provide data to the Legislative Analyst for the required report, with taxpayer information protected under existing confidentiality requirements.

Takes effect immediately as a tax levy and does not require local agency reimbursement under the California Constitution.