To amend the Internal Revenue Code of 1986 to permanently extend the election to include combat pay as earned income for purposes of the earned income tax credit and penalty-free distributions from retirement plans to individuals called to active duty, and for other purposes.
Latest action · Oct 23, 2007 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 23, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to make permanent: (1) the taxpayer election to include combat zone compensation as earned income for purposes of the earned income tax credit; and (2) the exemption from penalties for premature distributions from retirement plans to individuals called or ordered to active military duty.
Amends title XVI (Supplemental Security Income for the Aged, Blind, and Disabled) of the Social Security Act to exclude from supplement security income benefit determinations any state annuity paid to a blind veteran.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Oct 23, 2007Introduced in House
- Oct 23, 2007Referred to the House Committee on Ways and Means.
Related bills 9
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 455 | Active Duty Military Tax Relief Act of 2007 | Related bill | Jan 31, 2007 |
| S 516 | TRAC Act | Related bill | Feb 7, 2007 |
| S 1333 | Strengthen the Earned Income Tax Credit Act of 2007 | Related bill | May 8, 2007 |
| HR 2222 | Strengthen the Earned Income Tax Credit Act of 2007 | Related bill | May 8, 2007 |
| HR 3529 | To amend the Internal Revenue Code of 1986 to make permanent law the treatment of tax-exempt combat pay as earned income for purposes of the earned income credit. | Related bill | Sep 14, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Annuities
- Armed Forces and National Security
- Blind
- Disabled
- Earned income tax credit
- Income tax
- Individual retirement accounts
- Labor and Employment
- Military pay
- Military personnel
- Social Welfare
- Supplemental security income program
- Tax penalties
- Tax-deferred compensation plans
- Taxation
- Veterans' benefits
- Veterans' disability compensation
- Welfare eligibility
Text 1
Each version as it was printed, newest first.
- Oct 23, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
