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US SB3246
Bill
AI Summary
- Exempts all compensation earned by active duty and reserve members of the U.S. Uniformed Services from federal income tax
- Excludes military pension and retirement pay from the tax exemption, meaning only current service income qualifies
- Amends the Internal Revenue Code of 1986 by adding new Section 139M to Part III of subchapter B
- Applies to income earned in taxable years beginning after the date of enactment
- Introduced by Senator Ricketts on November 20, 2025 and referred to the Senate Committee on Finance
Legislative Description
Service Members Tax Relief Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
11/20/2025
Committee Referrals
Finance11/20/2025
Full Bill Text
No bill text available