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CA SB 911

Title: Income taxation: exclusion: military survivor benefits.
Author: Kelly Seyarto

Summary
SB 911, as amended, Seyarto. Income taxation: exclusion: military survivor benefits. The Personal Income Tax Law, in modified conformity with federal law, generally defines “gross income” as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income for purposes of computing tax liability. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2035, would provide an exclusion from gross income for survivor benefits or payments, not to exceed $20,000 per taxable year, received during the taxable year under the federal Survivor Benefit Plan. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.This bill would include additional information required for any bill authorizing a new tax expenditure.This bill would take effect immediately as a tax levy.

Status
May 16 hearing: Held in committee and under submission.

Bill Documents
CA SB 911 - 04/01/24 - Amended Senate
04/01/24 - CA SB 911 (04/01/24 - Amended Senate)


CA SB 911 - 03/05/24 - Amended Senate
03/05/24 - CA SB 911 (03/05/24 - Amended Senate)

CA SB 911 - 01/08/24 - Introduced
01/08/24 - CA SB 911 (01/08/24 - Introduced)

CA SB 911 - 01/08/24 - Introduced
01/08/24 - CA SB 911 (01/08/24 - Introduced)

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Author Details


  • Kelly Seyarto - R
    Senator - State Senate - CA

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    Capital Address:
    1021 O Street, Suite 7120
    Sacramento, CA 95814-4900
    9166514032

    District Address:
    24640 Jefferson Ave Ste 202
    Murrieta, CA 92562 9027
    Phone: 9518942220