A bill to amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.

Bill: 119-s-1856
Sponsor: full_name: Sen. Blumenthal, Richard [D-CT]
Introduced: 2025-05-22
Policy area: Taxation
Latest action: action_date: 2025-05-22
text: Read twice and referred to the Committee on Finance.

Summaries:

tv_txt: II 119th CONGRESS 1st Session S. 1856 IN THE SENATE OF THE UNITED STATES May 22, 2025 Mr. Blumenthal 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 exclude military bonuses from gross income.

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.