Today's Law As Amended

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AB-2590 Personal income taxes: exclusion: servicemembers.(2017-2018)



SECTION 1.

 Section 17140.7 is added to the Revenue and Taxation Code, to read:

17140.7.
 (a) For taxable years beginning on or after January 1, 2018, and before January 1, 2028, gross income does not include any basic pay received by a servicemember on active duty in the United States Armed Forces, in the reserve component of the United States Armed Forces, or in the National Guard, derived from his or her position as a servicemember while he or she is on military orders for 90 or more consecutive days.
(b) This section shall remain in effect only until December 1, 2028, and as of that date is repealed.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.