[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 786 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 786

  To amend the Internal Revenue Code of 1986 to clarify the exclusion 
               from gross income for veterans' benefits.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 3, 1993

  Mr. Montgomery (for himself, Mr. Stump, Mr. Evans, Mr. Rowland, Mr. 
  Slattery, Mr. Sangmeister, and Mr. Bishop) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to clarify the exclusion 
               from gross income for veterans' benefits.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CLARIFICATION OF TREATMENT OF VETERANS' BENEFITS.

    (a) In General.--Paragraph (1) of section 134(b) of the Internal 
Revenue Code of 1986 (relating to qualified military benefit) is 
amended by adding at the end thereof the following new flush sentence:
        ``For purposes of this paragraph and notwithstanding paragraph 
        (3), the term `qualified military benefit' includes any 
        allowance or benefit administered by the Secretary of Veterans 
        Affairs.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning on or after January 1, 1984.

                                 <all>