S. 455 (110th): Active Duty Military Tax Relief Act of 2007

Introduced:
Jan 31, 2007 (110th Congress, 2007–2009)
Sponsor:
Sen. John Kerry [D-MA]
Status:
Died (Referred to Committee)
See Instead:

H.R. 3827 (same title)
Referred to Committee — Oct 15, 2007

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on January 31, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 31, 2007
Referred to Committee Jan 31, 2007
Cosponsors
3 cosponsors (2D, 1R) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the internal Revenue Code of 1986 to provide tax relief to active duty military personnel and employers who assist them, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jan 31, 2007.
27 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/31/2007--Introduced.
Active Duty Military Tax Relief Act of 2007 - Amends the Internal Revenue Code to:
(1) allow certain small business owners (with 100 or fewer employees) and self-employed individuals a tax credit for wages paid to members of the Ready Reserve of the Armed Forces and to temporary replacement employees for such members while on active military duty;
(2) treat differential wage payments made to members of the Ready Reserve as earned income for tax withholding and retirement plan purposes;
(3) allow the rollover of military death gratuities to individual retirement accounts, health savings accounts, Archer medical savings accounts, and education savings accounts;
(4) increase the standard tax deduction by $1,000 in 2007 and 2008 for members of the uniformed services on active duty for more than 30 days; and
(5) make permanent the taxpayer election to treat combat pay as earned income for purposes of computing the earned income tax credit.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)