EXCLUSION OF CERTAIN AMOUNTS FROM CONSIDERATION AS INCOME FOR PURPOSES OF VETERANS PENSION BENEFITS.

SEC. 604. EXCLUSION OF CERTAIN AMOUNTS FROM CONSIDERATION AS INCOME FOR PURPOSES OF VETERANS PENSION BENEFITS.(a) Exclusion.—Section 1503(a) is amended—(1) by striking “and” at the end of paragraph (10);(2) by redesignating paragraph (11) as paragraph (12); and(3) by inserting after paragraph (10) the following new paragraph (11):“(11) payment of a monetary amount of up to $5,000 to a veteran from a State or municipality that is paid as a veterans’ benefit due to injury or disease; and”.(b) Effective Date.—The amendments made by subsection (a) shall apply with respect to determinations of income for calendar years beginning after October 1, 2011.