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HR.715 · 119TH CONGRESS

BNA Fairness Act

Status
In Committee
Latest Action
2025-01-23
Sponsor
Womack, Steve (R-Arkansas)
Official Source
Investability
31/100
Stage
COMMITTEE
Related Bills
0
Full Text
1,427 chars
Alive
Yes

What This Bill Does · Plain English

Summary · Congress.gov
BNA Fairness Ac t This bill excludes from gross income (for federal income tax purposes) the basic needs allowance received by eligible members of the Armed Forces. Under current law, members of the Armed Forces may be eligible to receive the basic needs allowance (additional monthly payment) if (1) they have completed initial training, (2) they have at least one dependent, and (3) their total household income does not exceed 200% of the federal poverty level (based on the location and number of individuals in the household). Further, under current law, certain qualified military benefits may be excluded from gross income. However, the basic needs allowance is not included within the definition of qualified military benefits and must be included in gross income for federal tax purposes. Under the bill, the definition of qualified military benefits that may be excluded from gross income is expanded to include the basic needs allowance.

Action Timeline

2025-01-23
Referred to the House Committee on Ways and Means.
2025-01-23
Introduced in House
2025-01-23
Introduced in House

Frequently Asked Questions

Did HR.715 pass?
HR.715 is still alive. Current stage: COMMITTEE. Pass likelihood: 31%.
What does HR.715 do?
BNA Fairness Ac t This bill excludes from gross income (for federal income tax purposes) the basic needs allowance received by eligible members of the Armed Forces. Under current law, members of the Armed Forces may be eligible to receive the basic needs allowance (additional monthly payment) if (1) they have completed initial training, (2) they have at least one dependent, and (3) their total household income does not exceed 200% of the federal poverty level (based on the location and number of individuals in the household). Further, under current law, certain qualified military benefits may …
Who sponsored HR.715?
HR.715 was sponsored by Steve Womack (R-Arkansas).

Full Bill Text

119 HR 715 IH: BNA Fairness Act U.S. House of Representatives 2025-01-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 715 IN THE HOUSE OF REPRESENTATIVES January 23, 2025 Mr. Womack (for himself, Mr. Moulton , and Mr. Wittman ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income the basic needs allowance of members of the Armed Forces. 1. Short title This Act may be cited as the BNA Fairness Act . 2. Exclusion from gross income of the basic needs allowance of members of the Armed Forces (a) In general Section 134(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (7) Basic needs allowance The term qualified military benefit includes the basic needs allowance under section 402b of title 37, United States Code (as in effect at the time of the provision of such allowance). . (b) Conforming amendment Section 134(b)(3)(A) of such Code is amended by striking as provided in subparagraphs (B) and (C) and paragraphs (4) and (5) and inserting as otherwise provided in this subsection . (c) Effective date The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.
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Bill text sourced from GovInfo.gov · public domain · last updated 2026-07-29. Plain-English summary, score breakdown, and trading-intelligence panels are GovGreed-original analysis derived from STOCK Act filings, SEC Form 4 disclosures, FEC contributions, and Senate LDA lobbying reports — all publicly filed federal records. GovGreed is not affiliated with the U.S. Government. Not financial advice. [live render]