Combat-Injured Veterans Tax Fairness Act of 2016

Summary

Combat-Injured Veterans Tax Fairness Act of 2016 This bill directs the Department of Defense (DOD) to identify: certain severance payments to veterans with combat-related injuries paid after January 17, 1991, from which DOD withheld amounts for tax purposes, and the individuals to whom such severance payments were made. DOD shall provide each such veteran with: notice of the amount of improperly withheld severance payments, and instructions for filing amended tax returns to recover such amount. The period for filing a related claim with the Internal Revenue Service for a credit or refund is extended beyond the three-year limitation to the date that is one year after DOD provides the veteran with the information required by this Act. DOD shall ensure that amounts are not withheld for tax purposes from DOD severance payments to individuals when such payments are not considered gross income.

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Timeline

1. 17 March 2016

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 17 March 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 17 March 2016 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 March 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 March 2016

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 March 2016

  Open at official source

Sponsors

• John Boozman · R · Sponsor
• Mark Warner · D · Sponsor
• Michael Bennet · D · Cosponsor
• Sen. Burr, Richard [R-NC] · R · Cosponsor
• John Cornyn · R · Cosponsor
• Martin Heinrich · D · Cosponsor
• Tom Cotton · R · Cosponsor
• Rep. Inhofe, James M. [R-OK-1] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← Combat-Injured Veterans Tax Fairness Act of 2016