TRAC Act

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 February 2007

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 7 February 2007

   Introduced

   Sponsor introductory remarks on measure. (CR S1714)

   Source: IntroReferral

3. 7 February 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 7 February 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 February 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 February 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 February 2007

  Open at official source

Sponsors

• Sen. Pryor, Mark L. [D-AR] · D · Sponsor
• Sen. Warner, John [R-VA] · R · Sponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Sponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Strengthen the Earned Income Tax Credit Act of 2007
• related to → To amend the Internal Revenue Code of 1986 to make permanent law the treatment of tax-exempt combat pay as earned income for purposes of the earned income credit.
• related to → Providing Tax Fairness for Service Members and Veterans Act of 2007
• related to → Combat Pay Tax Flexibility Act of 2007
• related to → Combat Troops Tax Relief Act of 2007
• related to → Active Duty Military Tax Relief Act of 2007
• related to → To amend the Internal Revenue Code of 1986 to permanently extend the election to include combat pay as earned income for purposes of the earned income tax credit and penalty-free distributions from retirement plans to individuals called to active duty, and for other purposes.
• related to → Active Duty Military Tax Relief Act of 2007
• related to ← Strengthen the Earned Income Tax Credit Act of 2007