CALIFORNIA: Income Tax: Armenian Genocide Settlement Payments Excludable from Gross Income

Abstract

Under S.B. 1689, settlement payments received after 2004 by individuals (or by the heirs or estates of individuals) who were persecuted on the basis of race or religion by the regime that was in control of the Ottoman Turkish Empire from 1915 through 1923 (during the Armenian genocide) are excludable from gross income for California personal income tax purposes.