[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2419 Introduced in Senate (IS)]
108th CONGRESS
2d Session
S. 2419
To amend the Internal Revenue Code of 1986 to provide additional relief
for members of the Armed Forces and their families.
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IN THE SENATE OF THE UNITED STATES
May 13, 2004
Mr. Pryor (for himself and Mr. Baucus) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide additional relief
for members of the Armed Forces and their families.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Tax Relief for Americans in Combat
Act''.
SEC. 2. EARNED INCOME INCLUDES COMBAT PAY.
(a) Child Tax Credit.--Section 24(d)(1) of the Internal Revenue
Code of 1986 (relating to portion of credit refundable) is amended by
adding at the end the following new sentence: ``For purposes of
subparagraph (B), any amount excluded from gross income by reason of
section 112 shall be treated as earned income which is taken into
account in computing taxable income for the taxable year.''.
(b) Earned Income Tax Credit.--Subparagraph (B) of section 32(c)(2)
of the Internal Revenue Code of 1986 (relating to earned income) is
amended--
(1) by striking ``and'' at the end of clause (iv),
(2) by striking the period at the end of clause (v) and
inserting ``, and'', and
(3) by adding at the end the following:
``(vi) any amount excluded from gross
income by reason of section 112 shall be
treated as earned income.
Any taxpayer may elect to not apply clause (vi) with
respect to any taxable year ending after the date of
the enactment of such clause and before 2005.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years ending after the date of the enactment of this
Act.
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