H.R. 5903 (112th): To amend the Internal Revenue Code of 1986 to treat recipients of the Korea Defense Service Medal ...

...as war veterans for purposes of determining whether contributions to posts and organizations of war veterans are charitable contributions.

112th Congress, 2011–2013. Text as of Jun 06, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

2d Session

H. R. 5903

IN THE HOUSE OF REPRESENTATIVES

June 6, 2012

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

A BILL

To amend the Internal Revenue Code of 1986 to treat recipients of the Korea Defense Service Medal as war veterans for purposes of determining whether contributions to posts and organizations of war veterans are charitable contributions.

1.

Treatment of Korea Defense Service Medal recipients as war veterans for purposes of determining deductibility of contributions to war veteran organizations

(a)

In general

Paragraph (3) of section 170(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new flush sentence:

For purposes of this paragraph and section 2522(a)(4), any recipient of the Korea Defense Service Medal under section 3756, 6258, or 8756 of title 10, United States Code, shall be treated as a war veteran.

.

(b)

Effective date

(1)

In general

Except as provided in paragraph (2), the amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

(2)

Application of gift tax

To the extent that such amendment relates to section 2522(a)(4) of the Internal Revenue Code of 1986, such amendment shall apply to gifts made after the date of the enactment of this Act.