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CA AB2336
Bill
Status
Introduced
2/19/2026
Primary Sponsor
Alexandra Macedo
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AI Summary
- Excludes the first $25,000 of overtime pay from California state gross income for tax purposes
- Excludes the first $25,000 of defined benefit plan retirement proceeds from state gross income
- Applies to taxable years beginning on or after January 1, 2026, and before January 1, 2031 (5-year sunset provision)
- Stated goal is providing financial support to workers putting in extra hours and retirees on limited income facing rising costs
- Takes effect immediately as a tax levy upon enactment
Legislative Description
Personal Income Tax Law: exclusions from income: retirement: overtime.
Last Action
Referred to Com. on REV. & TAX.
3/9/2026
Committee Referrals
Revenue and Taxation3/9/2026
Full Bill Text
No bill text available