 S.516
Tax Relief for Americans in Combat Act
A bill to amend the Internal Revenue Code of 1986 to make permanent the option of including combat pay when computing earned income.
 5 Total PointsSubjects
Summary
Tax Relief for Americans in Combat Act or the TRAC Act - Amends the Internal Revenue Code to make permanent the taxpayer election to treat combat zone compensation (otherwise excludable from gross income) as earned income for purposes of computing the allowable earned income tax credit. What do you think?
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Legislation Detail
 Viewed 217 times.
Legislation Slant
Latest Action:
Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
This action occurred on Wednesday, February 7, 2007 and earned 5 points.
Legislative Progress
Introduced in the Senate on February 7, 2007
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