Section 1. Short title
This Act may be cited as the Military Pension Protection Act.
(a) In general
Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 112 the following new section:
Section 113. Pensions of members of the Armed Forces
Gross income shall not include any amount received as a pension or annuity from the Federal Government for service as a member of the Armed Forces of the United States (whether received by such member or a beneficiary of such member).
(b) Clerical amendment
The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 112 the following new item:
(c) Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.