This bill proposes to amend the Internal Revenue Code of 1986, with its primary purpose being to exclude strike benefits from gross income . This change would make compensation received by individuals during a strike non-taxable for federal income tax purposes. The legislation specifically adds a new section to the Code, stipulating that gross income will not include payments provided to a member of a labor organization as a replacement for wages not received due to a strike. This provision aims to reduce the financial impact on striking workers by exempting their strike-related compensation from taxation. The amendments would be effective for any such compensation received on or after January 1, 2025 .