To amend the Internal Revenue Code of 1986 to exclude enlistment and reenlistment bonuses for members of the armed forces from gross income.

Referred to the House Committee on Ways and Means.

Bill 119 HR 2565, also known as the "Military Enlistment Bonus Tax Exclusion Act," aims to amend the Internal Revenue Code of 1986 to exclude enlistment and reenlistment bonuses for members of the armed forces from gross income. This means that any bonuses received by military personnel for enlisting or reenlisting in the armed forces would not be subject to federal income tax.

The bill recognizes the sacrifices and service of our military members and seeks to provide them with financial relief by exempting their enlistment and reenlistment bonuses from taxation. This would allow service members to keep more of their hard-earned money and provide them with additional financial support as they serve our country.

By excluding enlistment and reenlistment bonuses from gross income, the bill aims to incentivize individuals to join or remain in the armed forces by removing a potential financial burden. This could help attract and retain talented individuals in the military, ultimately strengthening our national defense. Overall, Bill 119 HR 2565 seeks to support and honor our military members by providing them with tax relief on their enlistment and reenlistment bonuses. It acknowledges the sacrifices and contributions of our service members and aims to provide them with additional financial support as they serve our country.