S. 2503Senate109th Congress (2005-2007)In Committee

Disabled Veterans Tax Fairness Act of 2006

Introduced April 4, 2006

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

April 4, 2006

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SenateIntro Referral

Introduced in Senate

April 4, 2006

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2804)

April 4, 2006

SenateIntro Referral

Read twice and referred to the Committee on Finance.

April 4, 2006

Floor Debate

6 members

What members said about S. 2503 on the floor

2 Republicans4 Democrats
Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Apr 4, 2006

Mr. President, I rise proudly today on behalf of our Nation's veterans and returning servicemembers to introduce the Healing the Invisible Wounds Act of 2006. This legislation will enhance the…

John F. Kerry
Sen. John F. KerryD-MA · Apr 4, 2006

Mr. President, today, on the anniversary of Dr. Martin Luther King, Jr.'s assassination, I am pleased to join with my colleague in the House, Congresswoman Cynthia McKinney to introduce the Martin…

Barack Obama
Sen. Barack ObamaD-IL · Apr 4, 2006

Mr. President, this is National Public Health Week, and the American Public Health Association and its over 200 partner organizations and sponsors have organized events to raise awareness about the…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · Apr 4, 2006

Mr. President, I rise today to introduce legislation that will provide a win-win for the environment and for the farmers and ranchers who receive their irrigation water from the North Unit Irrigation…

Blanche L. Lincoln
Sen. Blanche L. LincolnD-AR · Apr 4, 2006

Mr. President, I rise today with my colleague, Senator Craig Thomas, to introduce the Disabled Veterans Tax Fairness Act. This much-needed legislation would protect disabled veterans from being…

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Blanche L. Lincoln
Sen. Blanche L. LincolnD-AR · Apr 4, 2006

Mr. President, I rise today with my colleague, Senator Craig Thomas, to introduce the Disabled Veterans Tax Fairness Act. This much-needed legislation would protect disabled veterans from being…

Craig Thomas
Sen. Craig ThomasR-WY · Apr 4, 2006

Mr. President, today I rise to introduce a taxpayer privacy bill. Much attention has been focused recently on IRS-proposed changes to regulations regarding taxpayer privacy. Interestingly, these…

Bill Text

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Introduced in SenateIssued April 4, 2006

II

109th CONGRESS

2d Session

S. 2503

IN THE SENATE OF THE UNITED STATES

April 4, 2006

Mrs. Lincoln (for herself and Mr. Thomas) 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 for an extension of the period of limitation to file claims for refunds on account of disability determinations by the Department of Veterans Affairs.

1.

Short title

This Act may be cited as the Disabled Veterans Tax Fairness Act of 2006.

2.

Special period of limitation when uniformed services retired pay is reduced as a result of award of disability compensation

(a)

In general

Subsection (d) of section 6511 of the Internal Revenue Code of 1986 (relating to special rules applicable to income taxes) is amended by adding at the end the following new paragraph:

(8)

Special rules when uniformed services retired pay is reduced as a result of award of disability compensation

(A)

Period of limitation on filing claim

If the claim for credit or refund relates to an overpayment of tax imposed by subtitle A on account of—

(i)

the reduction of uniformed services retired pay computed under section 1406 or 1407 of title 10, United States Code, or

(ii)

the waiver of such pay under section 5305 of title 38 of such Code,

as a result of an award of compensation under title 38 of such Code pursuant to a determination by the Secretary of Veterans Affairs, the 3-year period of limitation prescribed in subsection (a) shall be extended, for purposes of permitting a credit or refund based upon the amount of such reduction or waiver, until the end of the 1-year period beginning on the date of such determination.
(B)

Limitation to 15 taxable years

Subparagraph (A) shall not apply with respect to any taxable year which began more than 15 years before the date of such determination.

.

(b)

Effective date

The amendment made by subsection (a) shall apply to claims for credit or refund filed after the date of the enactment of this Act.

(c)

Transition rules

In the case of a determination described in paragraph (8) of section 6511(d) of the Internal Revenue Code of 1986 (as added by this section) which is made by the Secretary of Veterans Affairs after December 31, 1989, and before the date of the enactment of this Act, such paragraph—

(1)

shall not apply with respect to any taxable year which began before December 31, 1989, and

(2)

shall be applied by substituting the date of the enactment of the Disabled Veterans Tax Fairness Act of 2006 for the date of such determination in subparagraph (A) thereof.