[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 972 Introduced in House (IH)]

  1st Session
                                H. R. 972

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


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 16, 1995

 Mr. Montgomery (for himself, Mr. Evans, Mr. Kennedy of Massachusetts, 
  Mr. Edwards, Mr. Filner, Mr. Tejeda, Mr. Gutierrez, Mr. Bishop, Mr. 
 Clyburn, Ms. Brown of Florida, Mr. Doyle, and Mr. Mascara) 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.--Subsection (a) of section 134 of the Internal 
Revenue Code of 1986 (relating to certain military benefits) is amended 
to read as follows:
    ``(a) General Rule.--Gross income shall not include--
            ``(1) any qualified military benefit, and
            ``(2) any other benefit administered by the Secretary of 
        Veterans Affairs.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1984.
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