SACRAMENTO – This week, Assemblymember Kelly Seyarto, R-Murrieta, introduced his 2022 veterans bill package to offer simple solutions to ensure California’s veterans receive the benefits they have earned.Assembly Bill 1629 seeks to relieve the children and spouses of men and women in uniform from the undue burden of taxed Survivor Benefit Plan payments. Much like a life insurance policy, SBPs are an optional benefit that military service members may opt to pay into. After their death, these benefits are considered a taxable income source. This bill would make the first $20,000 of payments from SBP tax exempt each year. Currently, 48 states partially or fully exempt SBP payments, and California is one of only two states in the country that fully taxes these benefits.“These fam
