No Tax on LOSAP Act

119 HR 2279 IH: No Tax on Length of Service Award Programs Act U.S. House of Representatives 2025-03-21 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. 2279 IN THE HOUSE OF REPRESENTATIVES March 21, 2025 Ms. Tenney (for herself, Mr. Lawler , Ms. Gillen , Mr. Suozzi , and Mr. Garbarino ) 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 increase the amount excluded from gross income for qualified payments to individuals providing volunteer firefighting or emergency medical services, and to clarify that payments under length of service award programs are qualified payments. 1. Short title This Act may be cited as the No Tax on Length of Service Award Programs Act or the No Tax on LOSAP Act . 2. Qualified payment exclusion amount increased (a) In general Section 139B(c)(2)(B) of the Internal Revenue Code of 1986 is amended by striking $50 and inserting $1,000 . (b) Effective date The amendment made by this section shall apply to amounts awarded after the date of the enactment of this Act. 3. Clarification that length of service awards are included in the qualified payment definition (a) Clarification Section 139B(c)(2)(A) of such Code is amended by inserting , and including payments under any length of service award program after (whether reimbursement or otherwise . (b) Effective date The amendment made by this section shall apply to amounts awarded after the date of the enactment of this Act.