TRUST53
Dec 11 1998, 04:32 PM
Does the state of California require tax withholding on lump sum distributions from qualified plans?
greymann
Dec 11 1998, 04:55 PM
The state of California requires withholding at a rate that is 1/10 of the federal tax withholding rate (which then would be 2%), unless the recipient elects out of this withholding. I will try to get a cite on this.
greymann
Dec 16 1998, 10:56 PM
The California pension withholding statute is found in California Unemployment Insurance Code Section 13028.
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