Supporting Military Families

Recently, I introduced AB 291, which seeks to relieve the children and spouses of our great men and women in uniform from the undue burden of taxes from SBP payments.
 
California is one of the few states that fully taxes SBP which allow retired service members to allocate a portion of their retired pay to a spouse, child, or other eligible beneficiary after their death.

Currently there are just over 28,700 military survivors receiving this benefit within California, with over 92% of them being 65 years old and older.
 
I was astonished to learn that while California and the IRS do not tax Life Insurance Payments, our state does tax this form of life insurance for our service members and veterans.
 
These families and survivors have paid the highest price for our state and nation and this small voluntary benefit should be recognized as tax-free. Surely one of the simplest ways we can express our gratitude to these families that have sacrificed for all of us is to not tax the very compensation we give them for that loss.
 
I hope you will join me in supporting this legislation supporting our veterans. If so, please sign the petition HERE.

Thank you.