S 842 · 96th Congress · Taxation

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.

Introduced 1979-04-02· Sponsored by Sen. Cochran, Thad [R-MS]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-04-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income compensation received by members of the National Guard or of reserve components of the Armed Forces to the extent that such compensation does not exceed $5,000.…

Summarized by Claude AI · Non-partisan · For informational purposes only