,,ii #aaith ,,congress #ast ,session ,s4 #cahi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #ah1 #bjbe,mr4 ,sheehy 7for himself1 ,ms4 ,lummis1 and ,mr4 ,justice7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to exclude from gross income any retirement income received by individuals who retired from service as a law enforcement officer or member of the ,armed ,forces and subsequently serve as school resource officers4 #a4 ,short title ,this ,act may be cited as the ,strengthening ,resources for ,our ,schools ,act or the ,,sros ,act4 #b4 ,exclusion from gross income of retirement income received by school resource officers 7a7 ,in general ,part ,,iii of subchapter ,b of chapter #a of the ,internal ,revenue ,code of #aihf1 as amended by section #gjdce7;a7 of ,public ,law #aai-ba1 is amended by inserting after section #aci,l the following new section3 #aci,m4 ,retirement income received by school resource officers 7a7 ,in general ,subject to subsection 7e71 in the case of an individual described in subsection 7b7 who is employed as a school resource officer during a taxable year1 with respect to any period in such taxable year in which such individual is so employed1 gross income shall not include any retirement income received by such individual during such period4 7b7 ,requirements ,an individual is described in this subsection if such individual-- 7#a7 has retired from employment as-- 7,a7 a member of the ,armed ,forces of the ,united ,states1 or 7,b7 a law enforcement officer 7as defined in section #bejc of title ,i of the ,omnibus ,crime ,control and ,safe ,streets ,act of #aifh 7#cd ,u4,s4,c4 #ajecc771 7#b7 is employed as a school resource officer after having successfully cleared any background check required for such employment1 and 7#c7 is in compliance with all applicable requirements of the peace officer standards and training agency of the ,state in which such individual is employed as a school resource officer4 7c7 ,retirement income ,for purposes of this section1 the term retirement income means any otherwise includible income1 distribution1 or payment received by an individual from any pension1 annuity1 retirement income account1 defined contribution plan1 or defined benefit plan which is associated with employment described in subsection 7b77#a74 7d7 ,other definitions ,in this section-- 7#a7 ,peace officer standards and training agency ,the term peace officer standards and training agency means an agency of a ,state with the statutory authority under ,state law to set standards for the hiring1 training1 ethical conduct1 and retention of the law enforcement officers of the ,state through certification1 licensing1 or other similar qualification process4 7#b7 ,school resource officer ,the term school resource officer has the same meaning given such term under section #agji of title ,i of the ,omnibus ,crime ,control and ,safe ,streets ,act of #aifh 7#cd ,u4,s4,c4 #ajchi74 7e7 ,lifetime exemption ,in the case of an individual described in subsection 7b7 who has been employed as a school resource officer for a period of not less than #aj years1 in addition to any period described in subsection 7a71 gross income shall not include any retirement income received by such individual during any period after such employment has ended4 7f7 ,regulations and guidance ,not later than #ahj days after the date of enactment of this section1 the ,secretary shall prescribe such regulations or other guidance as may be necessary to carry out the purposes of this section4 4 7b7 ,information reporting 7#a7 ,in general ,subpart ,a of part ,,iii of subchapter ,a of chapter #fa of the ,internal ,revenue ,code of #aihf1 as amended by section #gjdba7;d7 of ,public ,law #aai-ba1 is amended by inserting after section #fjci,l the following new section3 #fjci,m4 ,information with respect to school resource officers ,the head of any law enforcement agency employing an individual described in section #aci,m7b7 shall provide the ,secretary with notice 7in such manner as the ,secretary may prescribe7 regarding-- 7#a7 the initial date that such individual began employment as a school resource officer1 and 7#b7 the date on which the employment of such individual as a school resource officer has ended4 4 7#b7 ,penalties ,section #fgbd7;d77#a7 of such ,code is amended by striking and at the end of subparagraph 7,c71 by striking the period at the end of subparagraph 7,d7 and inserting 1 and1 and by inserting after subparagraph 7,d7 the following new subparagraph3 7,e7 any notice required to be filed under section #fjci,m4 4 7c7 ,clerical amendments 7#a7 ,the table of sections for part ,,iii of subchapter ,b of chapter #a of the ,internal ,revenue ,code of #aihf1 as amended by section #gjdce7;b7 of ,public ,law #aai-ba1 is amended by inserting after the item relating to section #aci,l the following new item3 ,sec4 #aci,m4 ,retirement income received by school resource officers4 4 7#b7 ,the table of sections for subpart ,a of part ,,iii of subchapter ,a of chapter #fa of such ,code1 as amended by section #gjdba7;d7 of ,public ,law #aai-ba1 is amended by inserting after the item relating to section #fjci,l the following new item3 ,sec4 #fjci,m4 ,information with respect to school resource officers4 4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of enactment of this ,act4