A bill to amend the Internal Revenue Code of 1954 to exempt from taxation the pay received by certain members of the National Guard or of reserve components of the Armed Forces to the extent that such pay does not exceed $1,500 per year.

referredUnited States· United States Congress· EN

Introduced

23 March 1977

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to exclude from taxation the first $125 per month in compensation paid members of the National Guard or Armed Forces Reserves.

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Documents

1 official file

Introduced in Senate
summary · EN · 23 March 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/1097
Open data entity: https://api.congress.gov/v3/bill/95/s/1097