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HR 333

Disabled Veterans Tax Termination Act

119th Congress Introduced by Gabe Amo and 2 co-sponsors

HR 333 eliminates federal taxes on disability compensation for veterans, enhancing their financial stability and quality of life by ensuring their benefits are fully received.

Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
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Bill Summary · HR 333

Summary of HR 333: Disabled Veterans Tax Termination Act

Purpose and Intent

The Disabled Veterans Tax Termination Act (HR 333) aims to eliminate the taxation of disability compensation received by veterans who are disabled due to their military service. This legislation seeks to provide financial relief to disabled veterans, acknowledging their sacrifices and ensuring that their compensation is not diminished by tax liabilities.

Key Provisions

  • Termination of Taxation: The bill proposes to repeal any federal income tax on disability compensation received by veterans. This includes payments for service-connected disabilities, which are currently subject to taxation under certain circumstances.
  • Eligibility: The legislation specifically targets veterans who have been rated as disabled by the Department of Veterans Affairs (VA) due to their military service.
  • Implementation Timeline: While specific implementation dates are not detailed in the bill text, the legislative process will determine the timeline for enactment and enforcement.

Affected Parties

  • Disabled Veterans: The primary beneficiaries of this bill are veterans who receive disability compensation. By removing the tax burden, the bill aims to enhance their financial stability and quality of life.
  • Veterans' Families: Families of disabled veterans may also benefit indirectly, as the additional income from untaxed disability compensation could improve household financial conditions.
  • Federal Revenue: The repeal of taxation on these benefits may impact federal tax revenues, as the government would forgo income that would have been collected from these veterans.

Legislative Process

  • Introduced: The bill was introduced in the House of Representatives on January 13, 2025.
  • Committee Review: Following its introduction, HR 333 was referred to the Committee on Armed Services and the Committee on Veterans' Affairs for consideration. The Speaker will determine the period for review by these committees.
  • Subcommittee Referral: On February 11, 2025, the bill was referred to the Subcommittee on Disability Assistance and Memorial Affairs for further examination.

Sponsors

  • Primary Sponsor: Sanford D. Bishop
  • Cosponsors: Julia Brownley and Gabe Amo

This bill represents a significant step towards recognizing and addressing the financial challenges faced by disabled veterans, ensuring that their compensation reflects the sacrifices made during their service. The ongoing legislative process will determine the bill's fate and potential impact on the lives of many veterans across the country.

Compiled from official sources — confirm details with the bill’s official record.

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