S. 417Senate109th Congress (2005-2007)In Committee

Military Reserve Mobilization Income Security Act of 2005

Introduced February 17, 2005

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

February 17, 2005

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SenateIntro Referral

Introduced in Senate

February 17, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S1631)

February 17, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance.

February 17, 2005

Floor Debate

22 members

What members said about S. 417 on the floor

11 Republicans10 Democrats1 Independent
James M. Jeffords
Sen. James M. JeffordsI-VT · Feb 17, 2005

Mr. President, today I am introducing comprehensive legislation to ensure the reliable delivery of electric power in the United States. Last Congress, in August of 2003, nearly 50 million people in…

Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Feb 17, 2005

Mr. President, this week the people of my State of Alaska pause to recognize two giant figures in the fight for equal rights and justice under the law, the late Elizabeth and Roy Peratrovich. On…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Feb 17, 2005

Mr. President, in the shadow of crude oil prices that have reached nearly $50 per barrel, and with the specter of higher gasoline prices forecast by the Department of Energy's Energy Information…

Christopher S. Bond
Sen. Christopher S. BondR-MO · Feb 17, 2005

Mr. President, I rise today to join with my colleague Senator McConnell in introducing the Voter Protection Act of 2005. This legislation builds upon the progress made by the Help America Vote Act…

Jon Kyl
Sen. Jon KylR-AZ · Feb 17, 2005

Mr. President, today I am introducing legislation to make the 15-year depreciation recovery period for improvements to restaurants permanent, and to extend this treatment to cover new restaurant…

Show 8 more
George Allen
Sen. George AllenR-VA · Feb 17, 2005

Mr. President, today, with my colleagues, Senators Talent, Graham, McCain, Lott, Warner, Grassley and Thune, I rise to introduce the Minority Serving Institution Digital & Wireless Technology…

Herb Kohl
Sen. Herb KohlD-WI · Feb 17, 2005

Mr. President, I rise today to join Senator Lott in introducing legislation which is of great importance to millions of people throughout the country. The sport fishing and boating communities play a…

Mike DeWine
Sen. Mike DeWineR-OH · Feb 17, 2005

Mr. President, I rise today along with my colleague, Senator Durbin, to introduce the Presidential Sites Improvement Act of 2005. As we look forward to celebrating President's Day this coming Monday,…

Russell D. Feingold
Sen. Russell D. FeingoldD-WI · Feb 17, 2005

Mr. President, today I am introducing the third in a series of bills intended to support American companies and American workers. Earlier this week, I introduced S. Con. Res. 12, which would set some…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · Feb 17, 2005

Mr. President, I am pleased to be joined today by my colleagues, Senators Kohl, Lugar, Lieberman, Brownback, Clinton, Lautenberg, and Feingold, to introduce this important piece of legislation.…

Norm Coleman
Sen. Norm ColemanR-MN · Feb 17, 2005

Mr. President, today I am introducing legislation to reverse the decline in the number of international students studying at American colleges, universities, and high schools. I am very pleased to be…

Barbara Boxer
Sen. Barbara BoxerD-CA · Feb 17, 2005

Mr. President, today I am introducing legislation to protect public health and the environment by preventing chemicals from leaking out of underground storage tanks and thereafter contaminating…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Feb 17, 2005

Mr. President, I rise today, along with Senator Coleman, to introduce the American Competitiveness Through International Openness Now (``ACTION'') Act of 2005. A few days ago, I came to the Senate…

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Jon S. Corzine
Sen. Jon S. CorzineD-NJ · Feb 17, 2005

Mr. President, I rise today to offer legislation that would designate New Jersey's elite urban search and rescue team, New Jersey Task Force One, as part of the National Urban Search and Rescue…

Byron L. Dorgan
Sen. Byron L. DorganD-ND · Feb 17, 2005

Mr. President, I rise today to introduce legislation, along with Senator Shelby, to provide a financial safety net for the families of our young men and women who proudly serve in the Nation's…

Byron L. Dorgan
Sen. Byron L. DorganD-ND · Feb 17, 2005

Mr. President, I rise today to introduce legislation, along with Senator Shelby, to provide a financial safety net for the families of our young men and women who proudly serve in the Nation's…

Mitch McConnell
Sen. Mitch McConnellR-KY · Feb 17, 2005

Mr. President, I rise today to introduce the Voter Protection Act of 2005, and I am pleased to be joined again by my good friend from Missouri, Senator Bond. I also acknowledge the deep interest and…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Feb 17, 2005

Mr. President, I am pleased to introduce legislation today know as the State Child Well-Being Research Act of 2005. This bill is designed to enhance child well-being in every State by collecting data…

Richard C. Shelby
Sen. Richard C. ShelbyR-AL · Feb 17, 2005

Mr. President, I rise today to introduce legislation with Senator Dorgan to provide a financial safety net for the families of our servicemembers who proudly serve in our Nation's military Reserve…

Richard C. Shelby
Sen. Richard C. ShelbyR-AL · Feb 17, 2005

Mr. President, I rise today to introduce legislation with Senator Dorgan to provide a financial safety net for the families of our servicemembers who proudly serve in our Nation's military Reserve…

Michael B. Enzi
Sen. Michael B. EnziR-WY · Feb 17, 2005

Mr. President, I rise today with my colleague from New York to introduce the Military Personnel Financial Services Protection Act of 2005. This bill is needed to protect our military personnel and…

Rick Santorum
Sen. Rick SantorumR-PA · Feb 17, 2005

Mr. President, I rise to introduce, along with Senator Nelson of Florida, Senator Kyl of Arizona, Senator Allen of Virginia, Senator Bunning of Kentucky, Senator Chambliss of Georgia, and Senator…

Debbie Stabenow
Sen. Debbie StabenowD-MI · Feb 17, 2005

Mr. President, today I am introducing the Medicare Prescription Drug Price Reduction Act of 2005, and am pleased to be joined by my colleagues, Senators Carper, Kennedy, Schumer, Bingaman, and…

Bill Nelson
Sen. Bill NelsonD-FL · Feb 17, 2005

Mr. President, I rise today with my colleague from Arizona, Senator Kyl, to introduce a bill that will eliminate the death tax once and for all. I want to thank my friend for his tireless leadership…

Bill Text

Latest available legislative text

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Introduced in SenateIssued February 17, 2005

II

109th CONGRESS

1st Session

S. 417

IN THE SENATE OF THE UNITED STATES

February 17, 2005

Mr. Dorgan (for himself and Mr. Shelby) 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 a refundable wage differential credit for activated military reservists.

1.

Short title

This Act may be cited as the Military Reserve Mobilization Income Security Act of 2005.

2.

Refundable credit for activated military reservists

(a)

In general

Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by redesignating section 36 as section 37 and by inserting after section 35 the following new section:

36.

Wage differential for activated reservists

(a)

In general

In the case of a qualified reservist, there shall be allowed as a credit against the tax imposed by this subtitle an amount equal to the qualified active duty wage differential of such qualified reservist for the taxable year.

(b)

Qualified active duty wage differential

For purposes of this section—

(1)

In general

The term qualified active duty wage differential means the daily wage differential of the qualified active duty reservist multiplied by the number of days such qualified reservist participates in qualified reserve component duty during the taxable year, including time spent in a travel status.

(2)

Daily wage differential

The daily wage differential is an amount equal to the lesser of—

(A)

the excess of—

(i)

the qualified reservist’s average daily qualified compensation, over

(ii)

the qualified reservist’s average daily military pay while participating in qualified reserve component duty to the exclusion of the qualified reservist’s normal employment duties, or

(B)

$54.80.

(3)

Average daily qualified compensation

(A)

In general

The term average daily qualified compensation means—

(i)

the qualified compensation of the qualified reservist for the one-year period ending on the day before the date the qualified reservist begins qualified reserve component duty, divided by

(ii)

365.

(B)

Qualified compensation

The term qualified compensation means—

(i)

compensation which is normally contingent on the qualified reservist’s presence for work and which would be includible in gross income, and

(ii)

compensation which is not characterized by the qualified reservist’s employer as vacation or holiday pay, or as sick leave or pay, or as any other form of pay for a nonspecific leave of absence.

(4)

Average daily military pay and allowances

(A)

In general

The term average daily military pay and allowances means—

(i)

the amount paid to the qualified reservist during the taxable year as military pay and allowances on account of the qualified reservist’s participation in qualified reserve component duty, determined as of the date the qualified reservist begins qualified reserve component duty, divided by

(ii)

the total number of days the qualified reservist participates in qualified reserve component duty during the taxable year, including time spent in travel status.

(B)

Military pay and allowances

The term military pay means pay as that term is defined in section 101(21) of title 37, United States Code, and the term allowances means the allowances payable to a member of the Armed Forces of the United States under chapter 7 of that title.

(5)

Qualified reserve component duty

The term qualified reserve component duty means—

(A)

active duty performed, as designated in the reservist’s military orders, in support of a contingency operation as defined in section 101(a)(13) of title 10, United States Code, or

(B)

full-time National Guard duty (as defined in section 101(19) of title 32, United States Code) which is ordered pursuant to a request by the President, for a period under 1 or more orders described in subparagraph (A) or (B) of more than 90 consecutive days.

(c)

Qualified reservist

For purposes of this section—

(1)

In general

The term qualified reservist means an individual who is engaged in normal employment and is a member of—

(A)

the National Guard (as defined by section 101(c)(1) of title 10, United States Code), or

(B)

the Ready Reserve (as defined by section 10142 of title 10, United States Code).

(2)

Normal employment

The term normal employment duties includes self-employment.

(d)

Disallowance with respect to persons ordered to active duty for training

No credit shall be allowed under subsection (a) to a qualified reservist who is called or ordered to active duty for any of the following types of duty:

(1)

Active duty for training under any provision of title 10, United States Code.

(2)

Training at encampments, maneuvers, outdoor target practice, or other exercises under chapter 5 of title 32, United States Code.

(3)

Full-time National Guard duty, as defined in section 101(d)(5) of title 10, United States Code.

(e)

Credit included in gross income

Gross income includes the amount of the credit allowed the taxpayer under this section.

.

(b)

Conforming amendments

(1)

Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting before the period , or from section 36 of such Code.

(2)

The table of sections for subpart C of part IV of chapter 1 of the Internal Revenue Code of 1986 is amended by striking the last item and inserting the following new items:

Sec. 36. Wage differential for activated reservists.

Sec. 37. Overpayments of tax.

.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2004.