Summary: H.R.1518 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.1518. Bill summaries are authored by CRS.

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Introduced in House (03/31/2003)

Amends the Internal Revenue Code to exclude from the gross income of members of the Armed Forces any "qualified bonus." Defines the term "qualified bonus" to mean an enlistment, accession, reenlistment, retention, or other bonus paid to a member of the Armed Forces of the United States in exchange for the agreement of the member to accept a commission as an officer, extend an active service commitment as an officer, enlist, reenlist, or extend an enlistment as an enlisted member in an active or reserve component, or enter into a reserve affiliation agreement.