[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1083 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1083

 To amend the Internal Revenue Code of 1986 to provide that veterans' 
   allowances and benefits administered by the Secretary of Veterans 
               Affairs are not included in gross income.


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                   IN THE SENATE OF THE UNITED STATES

                 June 8 (legislative day, June 7), 1993

Mr. Rockefeller (for himself, Mr. DeConcini, Mr. Graham, Mr. Akaka, Mr. 
Daschle, Mr. Campbell, and Mr. Jeffords) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide that veterans' 
   allowances and benefits administered by the Secretary of Veterans 
               Affairs are not included in gross income.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veterans' Tax Fairness Act of 
1993''.

SEC. 2. 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 flush sentence:
        ``For purposes of this paragraph, the term `qualified military 
        benefit' includes any veterans' allowance or benefit 
        administered by the Secretary of Veterans Affairs.''.
    (b) Limitation on Modifications.--Paragraph (3) of such section is 
amended--
            (1) in subparagraph (A), by striking out ``subparagraph 
        (B)'' and inserting in lieu thereof ``subparagraphs (B) and 
        (C)''; and
            (2) by adding at the end the following:
                    ``(C) Exception for veterans benefits.--
                Subparagraph (A) shall not apply to any veterans' 
                allowance or benefit administered by the Secretary of 
                Veterans Affairs.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1984.

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