Tax Cuts for Veterans Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1108 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1108 To amend the Internal Revenue Code of 1986 to exclude all military retirement and related benefits from Federal income tax. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 25, 2025 Mr. Ricketts (for himself and Ms. Rosen) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude all military retirement and related benefits from Federal income tax. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax Cuts for Veterans Act of 2025''. SEC. 2. EXCLUSION OF ALL MILITARY RETIREMENT AND RELATED BENEFITS. (a) In General.--Section 122 of the Internal Revenue Code of 1986 is amended to read as follows: ``SEC. 122. CERTAIN UNIFORMED SERVICES RETIREMENT PAY AND RELATED BENEFITS. ``(a) Ge…