California Revenue and Taxation Code

§ 17132.10

RTC § 17132.10 Effective Jun 27, 2025Div. 2 · Part 10 · Ch. 3 · Art. 3

Statute text

(a)For taxable years beginning on or after January 1, 2025, and before January 1, 2030, gross income shall not include annuity payments received by a qualified taxpayer during the taxable year, not to exceed twenty thousand dollars ($20,000), pursuant to a United States Department of Defense Survivor Benefit Plan.

(b)For purposes of this section, the following definitions apply:

(1)“Qualified taxpayer” means the surviving spouse or other named beneficiary of a plan who satisfies either of the following:

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Legislative history

Added by Stats. 2025, Ch. 17, Sec. 13. (SB 132) Effective June 27, 2025. Repealed as of December 1, 2030, by its own provisions.