Disabled Veterans Tax Termination Act

This bill (HR 333) corrects an inaccurate title and updates military retirement pay rules for veterans. It allows military retirees with service-connected disabilities (including those rated under 50%) to receive both their full military retirement pay and VA disability compensation without reduction. Specifically, it removes the requirement that veterans must have a 50% disability rating to keep both payments and adjusts calculations for retirees with fewer than 20 years of service. The change directly affects military retirees receiving VA disability benefits who previously had their retirement pay reduced. The bill takes effect after enactment for payments starting in the following month.