SROS Act

Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986, as amended by section 70435(a) of Public Law 119–21, is amended by inserting after section 139L the following new section:

Subject to subsection (e), in the case of an individual described in subsection (b) who is employed as a school resource officer during a taxable year, with respect to any period in such taxable year in which such individual is so employed, gross income shall not include any retirement income received by such individual during such period.

An individual is described in this subsection if such individual—

(1) has retired from employment as—

(A) a member of the Armed Forces of the United States, or

(B) a law enforcement officer (as defined in section 2503 of title I of the Omnibus Crime Control and Safe Streets Act of 1968 (34 U.S.C. 10533)),

(2) is employed as a school resource officer after having successfully cleared any background check required for such employment, and

(3) is in compliance with all applicable requirements of the peace officer standards and training agency of the State in which such individual is employed as a school resource officer.

For purposes of this section, the term retirement income means any otherwise includible income, distribution, or payment received by an individual from any pension, annuity, retirement income account, defined contribution plan, or defined benefit plan which is associated with employment described in subsection (b)(1).

In this section—

The term peace officer standards and training agency means an agency of a State with the statutory authority under State law to set standards for the hiring, training, ethical conduct, and retention of the law enforcement officers of the State through certification, licensing, or other similar qualification process.

The term school resource officer has the same meaning given such term under section 1709 of title I of the Omnibus Crime Control and Safe Streets Act of 1968 (34 U.S.C. 10389).

In the case of an individual described in subsection (b) who has been employed as a school resource officer for a period of not less than 10 years, in addition to any period described in subsection (a), gross income shall not include any retirement income received by such individual during any period after such employment has ended.

Not later than 180 days after the date of enactment of this section, the Secretary shall prescribe such regulations or other guidance as may be necessary to carry out the purposes of this section.

Subpart A of part III of subchapter A of chapter 61 of the Internal Revenue Code of 1986, as amended by section 70421(d) of Public Law 119–21, is amended by inserting after section 6039L the following new section:

The head of any law enforcement agency employing an individual described in section 139M(b) shall provide the Secretary with notice (in such manner as the Secretary may prescribe) regarding—

(1) the initial date that such individual began employment as a school resource officer, and

(2) the date on which the employment of such individual as a school resource officer has ended.

Section 6724(d)(1) of such Code is amended by striking and at the end of subparagraph (C), by striking the period at the end of subparagraph (D) and inserting, and, and by inserting after subparagraph (D) the following new subparagraph:

(E) any notice required to be filed under section 6039M.

(1) The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986, as amended by section 70435(b) of Public Law 119–21, is amended by inserting after the item relating to section 139L the following new item:

(2) The table of sections for subpart A of part III of subchapter A of chapter 61 of such Code, as amended by section 70421(d) of Public Law 119–21, is amended by inserting after the item relating to section 6039L the following new item:

The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.