California is the only state that doesn’t exempt veterans’ retirement from taxes. New bills could change that

California is the only state that doesn’t exempt veterans’ retirement from taxes. New bills could change that

After at least eight tries in the Legislature, California may finally join every other state in providing at least some tax exemptions for military retirement income, which supporters argue will help veterans stay in the state and contribute to a skilled workforce.Assemblymember James Ramos has introduced, for the third time, a bill that would allow veterans to exempt up to $20,000 of their federal pensions if they make under $125,000 a year. He…