119 HR 2279 IH: No Tax on Length of Service Award Programs Act U.S. House of Representatives 2025-03-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 2279IN THE HOUSE OF REPRESENTATIVESMarch 21, 2025Ms. Tenney (for herself, Mr. Lawler, Ms. Gillen, Mr. Suozzi, and Mr. Garbarino) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to increase the amount excluded from gross income for qualified payments to individuals providing volunteer firefighting or emergency medical services, and to clarify that payments under length of service award programs are qualified payments.

1.

Short title

This Act may be cited as the No Tax on Length of Service Award Programs Act or the No Tax on LOSAP Act.

2.

Qualified payment exclusion amount increased

(a)

In general

Section 139B(c)(2)(B) of the Internal Revenue Code of 1986 is amended by striking $50 and inserting $1,000.(b)

Effective date

The amendment made by this section shall apply to amounts awarded after the date of the enactment of this Act.

3.

Clarification that length of service awards are included in the qualified payment definition

(a)

Clarification

Section 139B(c)(2)(A) of such Code is amended by inserting , and including payments under any length of service award program after (whether reimbursement or otherwise. (b)

Effective date

The amendment made by this section shall apply to amounts awarded after the date of the enactment of this Act.