Opinion: California's the only state that fully taxes military pensions. This bill would change that. [Opinion]
in recent years, military retirees are an industrious group of citizens that California can ill afford to lose. As a California native and expert on military retirement policy, I believe exempting military pensions from state income taxes is one way to help address this problem.from the Department of Defense reveal a 14 percent decrease in the number of military retirees residing in California from 2010 to 2021. In contrast, Florida saw a 13 percent increase over the same period.
recently ranked California dead last in “economic environment” for military retirees and among the worst states in the country for military retirement overall. This is an embarrassment for the state and should be unacceptable to citizens and lawmakers alike.by Assemblymember James C.
The intent behind Assembly Bill 46 is twofold. First, it is an expression of the state’s “gratitude” — from both policymakers and voters — for military retirees and their families for their decades of service to the nation. Second, the bill aims to attract and retain motivated, talented and skilled individuals for California’s vast labor market. Assembly Bill 46 passed the Assembly
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