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119th CONGRESS
1st Session |
To amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.
Mrs. Kiggans of Virginia (for herself and Mr. Bishop) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Exclusion of military bonuses.
(a) In general.—Subsection (a) of section 134 of the Internal Revenue Code of 1986 is amended by striking “any qualified military benefit” and inserting “any bonus paid to a member of the uniformed services under chapter 5 of title 37, United States Code, or any qualified military benefit”.
(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2024.