119-S1856
A bill to amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.
Last action was on 5-22-2025
SenateCurrent status is Read twice and referred to the Committee on Finance.
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119th CONGRESS
1st Session
S. 1856
1. Exclusion of military bonuses1. 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.