IN THE SENATE OF THE UNITED STATES
September 22, 2010
Mrs. Lincoln (for herself and Mr. Kerry) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to reduce the mileage threshold for the deduction for National Guard and Reservists overnight travel expenses.
Reduction in mileage threshold for National Guard and Reservists overnight travel expenses deduction
Section 62(a)(2)(E) of the Internal Revenue
Code of 1986 is amended by striking
100 miles and inserting
The amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after December 31, 2010.