To amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.

In general— Subsection (a) of section 134 of the Internal Revenue Code of 1986 is amended by striking “any qualified military benefit” and inserting “any bonus paid to a member of the uniformed services under chapter 5 of title 37, United States Code, or any qualified military benefit”.

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2024.