Exclusion from gross income of pensions of members of the Armed Forces
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(a) In general Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 112 the following new section: 113. Pensions of members of the Armed Forces Gross income shall not include any amount received as a pension or annuity from the Federal Government for service as a member of the Armed Forces of the United States (whether received by such member or a beneficiary of such member).. (b) Clerical amendment The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 112 the following new item: Sec. 113. Pensions of members of the Armed Forces.. (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.