A bill to amend the Internal Revenue Code of 1954 to exempt from taxation the pay received by members of the National Guard or of reserve components of the Armed Forces to the extent that such pay does not exceed $5,000.

openUnited States· United States Congress· EN

Introduced

24 March 1981

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department; Defense Department.

Summary

Amends the Internal Revenue Code to exclude from gross income up to $5,000 of the pay received by members of the National Guard or a Reserve component of the armed forces.

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Documents

1 official file

Introduced in Senate
summary · EN · 24 March 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/782
Open data entity: https://api.congress.gov/v3/bill/97/s/782