118th Congress · SENATE BILLBILL

S. 3243 — Tax Cuts for Veterans Act of 2023

“A bill to amend the Internal Revenue Code of 1986 to exclude all military retirement and related benefits from Federal income tax.”

Taxation

Introduced Nov 7, 2023

Last action Nov 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Nov 7, 2023

Step 2

Referred

Nov 7, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill excludes from the gross income of members or former members of the Armed Forces, for income tax purposes, any retired or retainer pay or any amounts paid in connection with a disability or combat-related injury or disability or death of a member.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Nov 7, 2023

Introduced in Senate

Nov 7, 2023

Read twice and referred to the Committee on Finance.