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Bill > HR715


US HR715

US HR715
BNA Fairness Act


summary

Introduced
01/23/2025
In Committee
01/23/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income the basic needs allowance of members of the Armed Forces.

AI Summary

This bill amends the Internal Revenue Code to exclude the Basic Needs Allowance (BNA) from gross income for members of the Armed Forces. Specifically, the bill updates Section 134(b) of the tax code to include the BNA as a "qualified military benefit," which means that military personnel receiving this allowance will not have to pay income tax on those funds. The BNA is a program designed to provide financial support to service members whose income is below a certain threshold, helping them meet basic living expenses. The bill makes a conforming amendment to adjust language in the tax code and specifies that these changes will apply to taxable years ending after the date of the bill's enactment. By exempting the BNA from taxable income, the bill aims to provide additional financial relief to service members who may be struggling to make ends meet.

Committee Categories

Budget and Finance

Sponsors (18)

Last Action

Referred to the House Committee on Ways and Means. (on 01/23/2025)

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