,,ii #aaith ,,congress #ast ,session ,s4 #cbdf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #bj1 #bjbe,mr4 ,ricketts 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 exempt certain income of active or reserve service members from tax4 #a4 ,short title ,this ,act may be cited as the ,service ,members ,tax ,relief ,act4 #b4 ,exemption from income tax for uniformed service members 7a7 ,in general ,part ,,iii of subchapter ,b of chapter #a of subtitle ,a of the ,internal ,revenue ,code of #aihf is amended by inserting after section #aci,l the following new section3 #aci,m4 ,certain income earned by uniformed service members 7a7 ,in general ,gross income shall not include any compensation received by an individual in connection with such individual's service during the taxable year as an active or reserve member of the ,uniformed ,services of the ,united ,states4 7b7 ,exclusion of retirement income ,for purposes of this section1 the term compensation does not include any pension or retirement pay4 4 7b7 ,clerical amendment ,the table of sections for part ,,iii of subchapter ,b of chapter #a of subtitle ,a of the ,internal ,revenue ,code of #aihf is amended by inserting after the item relating to section #aci,l the following new item3 ,sec4 #aci,m4 ,certain income earned by uniformed service members4 4 7c7 ,effective date ,the amendments made by this section shall apply to income earned in taxable years beginning after the date of the enactment of this ,act4