A bill to amend title 37, United States Code, to prevent military personnel from suffering a loss in the after-tax levels of military compensation due to changes in the application of Federal income tax laws to otherwise deductible housing expenses.

Summary

Provides that, in the event a revenue ruling disallowing a Federal income tax deduction for a personal residence to the extent that otherwise deductible amounts are allocable to housing allowances received by military personnel is applied to members of the armed forces, the President shall raise the basic allowance for quarters of each member to offset the reduction in their tax benefit.

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Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1987

  Open at official source

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