James Ramos
- Democratic
- Assemblymember
- District 45
Author
The Personal Income Tax Law, in modified conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, except as specifically excluded, including an exclusion for combat-related special compensation. This bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would exclude from gross income retirement pay received by a qualified taxpayer, as defined, during the taxable year, not to exceed $20,000, from the federal government for service performed in the uniformed services, as defined. The bill, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, would also exclude from gross income annuity payments received during the taxable year, not to exceed $20,000, by a qualified taxpayer, as defined, pursuant to a United States Department of Defense Survivor Benefit Plan. The bill would make related findings and declarations. Existing law requires any bill authorizing a new tax expenditure to contain specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements, as provided. This bill also would include the information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.
Referred to Coms. on REV. & TAX. and M. & V.A.
Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 0. Page 1776.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
In committee: Set, first hearing. Referred to APPR. suspense file.
Joint Rule 62(a), file notice suspended. (Page 1627.)
In committee: Hearing postponed by committee.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 5). Re-referred to Com. on APPR.
Coauthors revised.
In committee: Set, second hearing. Referred to REV. & TAX. suspense file.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
From printer. May be heard in committee January 2.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB53 | HTML |
| 12/02/24 - Introduced | |
| 02/24/25 - Amended Assembly |
| Document | Format |
|---|---|
| 03/14/25- Assembly Revenue and Taxation | |
| 05/02/25- Assembly Revenue and Taxation | |
| 05/19/25- Assembly Appropriations | |
| 05/28/25- ASSEMBLY FLOOR ANALYSIS |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.