A bill to amend the Internal Revenue Code of 1954 to provide that pensions paid to retired policemen or firemen, shall not be subject to the income tax.

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, that gross income does not include any amount received as a pension, annuity, or similar benefit to the extent that such pension, annuity, or benefit is based on service which was performed as a full-time policeman or other law enforcement officer, or as a full-time fireman, in the employ of a Federal, State or local government or governmental entity. (Amends 26 U.S.C. 123)…