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

Bill Number
S. 1856
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-05-22: Read twice and referred to the Committee on Finance.
Last Updated
2025-12-05T22:54:12Z

AI-Generated Summary

Purpose

This bill aims to provide tax relief to members of the U.S. military by excluding certain bonuses they receive from being counted as taxable income. This would allow service members to keep more of their bonus pay without owing federal income taxes on it.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Blumenthal, Richard [D-CT]

Recent Actions

Bill Versions

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