CA SB911

Excludes up to $20,000 per taxable year of Survivor Benefit Plan payments from gross income for state income tax purposes for tax years 2025-2034.

Applies only to survivor benefits received under the federal Survivor Benefit Plan established under federal law (Title 10, United States Code, Section 1447 et seq.).

Requires the Franchise Tax Board to report to the Legislature by November 1, 2033 on the number of taxpayers using the exclusion, total dollar amounts excluded, and distribution across tax brackets.

Establishes legislative findings that the exclusion recognizes military families' sacrifice and provides financial relief to families who lost a service member and the associated income.

Automatically repeals on December 1, 2035, and takes effect immediately as a tax levy.