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

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from the income tax, pensions paid to retired policemen and firefighters, or to their survivors to the extent that such benefits are based on full-time service for a governmental entity.…