Excludes retirement income from gross income for retired law enforcement officers and military personnel serving as school resource officers.
The Strengthening Resources for our Schools Act (SROS Act) amends the Internal Revenue Code to exclude from gross income any retirement income received by individuals who retired from service as a law enforcement officer or member of the Armed Forces and subsequently serve as school resource officers. This exclusion applies during the period they are employed as school resource officers and for a lifetime if they serve for at least 10 years. The bill also mandates information reporting requirements for employers of school resource officers and includes definitions for key terms.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.