Bill · H.R. 715· House(119-HR-715)

BNA Fairness Act

Age: 69 years

Arkansas

Introduced: 1/23/2025
Last activity: 1/23/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Steve Womack
Cosponsors: - 12 - 7

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "BNA Fairness Act," aims to amend the Internal Revenue Code of 1986. It specifically seeks to exclude the basic needs allowance of members of the Armed Forces from their gross income. This would classify the basic needs allowance as a qualified military benefit. The changes would apply to taxable years ending after the date the Act is enacted.

Yes· 3 of 5

Would households on low incomes be better off under this?+3
By excluding the basic needs allowance from taxable income, it increases the net income for military members on lower pay scales.
Would middle-income households be better off under this?+3
The bill provides tax relief to military members which effectively increases their disposable income.
Does this cut taxes for middle-income families?+3
The bill reduces the tax burden for military members by excluding their basic needs allowance from gross income.