Personal Income Tax Law: exclusions from income: retirement: overtime.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill adds two new sections to the Revenue and Taxation Code that let Californians exclude up to $25,000 of overtime earnings and up to $25,000 of defined‑benefit pension proceeds from their state taxable income. The exclusions apply to taxable years beginning on or after Jan. 1, 2026 and end on Dec. 31, 2030. It aims to give financial relief to workers putting in extra hours and retirees with limited retirement income.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 27, 2026
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 13, 2026
• Revenue And Taxation
  Revenue And Taxation · Apr 13, 2026
• Revenue And Taxation
  Revenue And Taxation · Apr 6, 2026

History

1. Apr 27, 2026In committee: Set, second hearing. Held under submission.
2. Apr 13, 2026In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
3. Apr 6, 2026In committee: Hearing postponed by committee.
4. Mar 9, 2026Referred to Com. on REV. & TAX.
5. Feb 20, 2026From printer. May be heard in committee March 22.
6. Feb 19, 2026Read first time. To print.

Sponsors

• Macedo · sponsor

Bill text

Opens the legislature’s own copy.

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