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SB-924 Personal income taxes: exclusion: National Guard. (2017-2018)

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Date Published: 06/25/2018 09:00 PM
SB924:v97#DOCUMENT

Amended  IN  Assembly  June 25, 2018
Amended  IN  Senate  March 19, 2018

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill No. 924


Introduced by Senator Morrell

January 23, 2018


An act to add and repeal Section 17131.8 to of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.


LEGISLATIVE COUNSEL'S DIGEST


SB 924, as amended, Morrell. Personal income taxes: exclusion: National Guard.
The Personal Income Tax Law imposes a tax on individual taxpayers measured by the taxpayer’s taxable income for the taxable year, but excludes certain items of income from the computation of tax.
This bill would, for taxable years beginning on or after January 1, 2018, and before January 1, 2028, exclude from gross income, income received by a member of the active militia, as described, when that income is derived from his or her position as a member of the active militia while on active service, as provided.
This bill would take effect immediately as a tax levy.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 17131.8 is added to the Revenue and Taxation Code, to read:

17131.8.
 Gross (a) For taxable years beginning on or after January 1, 2018, and before January 1, 2028, gross income does not include any income received by a member of the active militia, as described in Section 120 of the Military and Veterans Code, when that income is derived from his or her position as a member of the active militia while on active service pursuant to a call by the Governor pursuant to Section 143 or Section 146 of the Military and Veterans Code.
(b) This section shall remain in effect only until December 1, 2028, and as of that date is repealed.

SEC. 2.

 This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.