< Back to H.R. 642 (103rd Congress, 1993–1994)

Text of To provide that for taxable years beginning before 1980 the federal income tax deductibility of flight training expenses shall be ...

...expenses shall be determined without regard to whether such expenses were reimbursed through certain veterans educational ass

This bill was introduced on January 26, 1993, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jan 26, 1993 (Introduced).

Source: GPO

HR 642 IH

103d CONGRESS

1st Session

H. R. 642

To provide that for taxable years beginning before 1980 the Federal income tax deductibility of flight training expenses shall be determined without regard to whether such expenses were reimbursed through certain veterans educational assistance allowances.

IN THE HOUSE OF REPRESENTATIVES

January 26, 1993

Mr. SUNDQUIST introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To provide that for taxable years beginning before 1980 the Federal income tax deductibility of flight training expenses shall be determined without regard to whether such expenses were reimbursed through certain veterans educational assistance allowances.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. TREATMENT OF CERTAIN REIMBURSED FLIGHT TRAINING EXPENSES.

    (a) IN GENERAL- In the case of a taxable year beginning before January 1, 1980, the determination of whether a deduction is allowable under section 162(a) of the Internal Revenue Code of 1954 for flight training expenses shall be made without regard to whether the taxpayer was reimbursed for any portion of such expenses under section 1677(b) of title 38, United States Code (as in effect before its repeal by Public Law 97-35).

    (b) STATUTE OF LIMITATIONS- If refund or credit of any overpayment of tax resulting from the application of subsection (a) is prevented at any time before the close of the 1-year period beginning on the date of the enactment of this Act by the operation of any law or rule of law (including res judicata), refund or credit of such overpayment (to the extent attributable to the application of subsection (a)) may, nevertheless, be made or allowed if claim therefor is filed before the close of such 1-year period.