Disabled Veterans Tax Termination Act

Bill 119 hr 333, also known as the Concurrent Receipt of Disability Pay for Retirees Act, aims to amend title 10 of the United States Code to allow retired members of the Armed Forces with a service-connected disability rated less than 50 percent to receive both their retired pay and veterans disability compensation concurrently. Currently, these individuals are only able to receive one or the other, not both.

Additionally, the bill seeks to extend eligibility for concurrent receipt to chapter 61 disability retirees with less than 20 years of service. Chapter 61 disability retirees are those who were medically retired from the military due to a service-connected disability, but did not serve the full 20 years required to receive full retirement benefits.

The purpose of this legislation is to provide financial support to disabled veterans who have served their country, but are currently limited in their ability to receive full compensation for their disabilities. By allowing these individuals to receive both retired pay and disability compensation, they will be better able to support themselves and their families. Overall, the Concurrent Receipt of Disability Pay for Retirees Act aims to improve the financial well-being of disabled veterans and ensure they receive the benefits they deserve for their service and sacrifices.