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US SB1856

Bill

Official Source

Status

Introduced

5/22/2025

Primary Sponsor

Richard Blumenthal

Click for details

Origin

Senate

119th Congress

AI Summary

  • Amends Section 134 of the Internal Revenue Code of 1986 to exclude military bonuses from federal gross income taxation
  • Applies specifically to bonuses paid to uniformed services members under Chapter 5 of Title 37, United States Code (which covers enlistment bonuses, reenlistment bonuses, and special pay)
  • Effective for taxable years beginning after December 31, 2024
  • Introduced by Senator Blumenthal on May 22, 2025, and referred to the Senate Committee on Finance

Legislative Description

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

Taxation

Last Action

Read twice and referred to the Committee on Finance.

5/22/2025

Committee Referrals

Finance5/22/2025

Full Bill Text

No bill text available