Heroes Earned Retirement Opportunities Act

Bill: 109-hr-1499
Sponsor: Rep. Foxx, Virginia [R-NC-5]
Introduced: 2005-04-06 in the House
Policy area: Taxation
Subjects: Armed Forces and National Security
Income tax
Individual retirement accounts
Iraq compilation
Labor and Employment
Military pay
Military personnel
Tax deductions

Summary:
action_date: 2005-04-06
text: 
Heroes Earned Retirement Opportunities Act - Amends the Internal Revenue Code to include combat zone compensation (otherwise excludable from gross income) as earned income for purposes of calculating the tax deduction for contributions to retirement savings plans.

action_date: 2005-05-23
text: 
Heroes Earned Retirement Opportunities Act - Amends the Internal Revenue Code to allow members of the Armed Forces to include their combat zone compensation (otherwise excludable from gross income) in their calculation of earned income for purposes of determining their allowable income tax deduction for contributions to retirement savings plans.

action_date: 2005-11-15
text: 
Heroes Earned Retirement Opportunities Act - Amends the Internal Revenue Code to allow members of the Armed Forces to include their combat zone compensation (otherwise excludable from gross income) in their calculation of earned income for purposes of determining their allowable income tax deduction for contributions to retirement savings plans.
 
Makes this Act retroactive to taxable years beginning after December 31, 2003.

action_date: 2006-05-09
text: 
Heroes Earned Retirement Opportunities Act - Amends the Internal Revenue Code to allow members of the Armed Forces to include their combat zone compensation (otherwise excludable from gross income) in their earned income for purposes of determining their allowable tax deduction for contributions to retirement savings plans. 
 
Makes such provisions applicable to: (1) taxable years beginning after December 31, 2003; and (2) retirement savings contributions made for any taxable year beginning after such date and ending before enactment of this Act. Waives any limitation period otherwise applicable to refund claims relating to contributions made in years prior to enactment if such claims are made before one year after such a contribution is made. Allows a three-year period after a contribution is made for the assessment of any tax deficiency relating to such contribution.

action_date: 2006-05-29
text: 

(This measure has not been amended since it was passed by the House on May 9, 2006. The summary of that version is repeated here.)

Heroes Earned Retirement Opportunities Act - Amends the Internal Revenue Code to allow members of the Armed Forces to include their combat zone compensation (otherwise excludable from gross income) in their earned income for purposes of determining their allowable tax deduction for contributions to retirement savings plans. 

Makes such provisions applicable to: (1) taxable years beginning after December 31, 2003; and (2) retirement savings contributions made for any taxable year beginning after such date and ending before enactment of this Act. Waives any limitation period otherwise applicable to refund claims relating to contributions made in years prior to enactment if such claims are made before one year after such a contribution is made. Allows a three-year period after a contribution is made for the assessment of any tax deficiency relating to such contribution.


Legislative actions:
action_date: 2006-05-29
text: Became Public Law No: 109-227.
action_date: 2006-05-29
text: Became Public Law No: 109-227.
action_date: 2006-05-29
text: Signed by President.
action_date: 2006-05-29
text: Signed by President.
action_date: 2006-05-23
text: Presented to President.
action_date: 2006-05-23
text: Presented to President.
action_date: 2006-05-19
text: Cleared for White House.
action_date: 2006-05-19
text: Message on Senate action sent to the House.
action_date: 2006-05-18
text: Senate agreed to House amendment to Senate amendment by Unanimous Consent. (consideration: CR S4815-4816; text as House agreed to Senate amendment: CR S4815-4816)
action_date: 2006-05-18
text: Resolving differences -- Senate actions: Senate agreed to House amendment to Senate amendment by Unanimous Consent.(consideration: CR S4815-4816; text as House agreed to Senate amendment: CR S4815-4816)
action_date: 2006-05-10
text: Message on House action received in Senate and at desk: House amendment to Senate amendment.
action_date: 2006-05-09
text: House agreed to Senate amendment with amendment pursuant to H. Res. 803.
action_date: 2006-05-09
text: Resolving differences -- House actions: House agreed to Senate amendment with amendment pursuant to H. Res. 803.
action_date: 2005-11-16
text: Message on Senate action sent to the House.
action_date: 2005-11-15
text: Passed Senate with an amendment by Unanimous Consent.
action_date: 2005-11-15
text: Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
action_date: 2005-11-15
text: Measure laid before Senate by unanimous consent. (consideration: CR S12871)
action_date: 2005-11-15
text: Senate Committee on Finance discharged by Unanimous Consent.
action_date: 2005-11-15
text: Senate Committee on Finance discharged by Unanimous Consent.
action_date: 2005-05-24
text: Received in the Senate and Read twice and referred to the Committee on Finance.
action_date: 2005-05-23
text: The title of the measure was amended. Agreed to without objection.
action_date: 2005-05-23
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2005-05-23
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3712)
action_date: 2005-05-23
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H3712)
action_date: 2005-05-23
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1499.
action_date: 2005-05-23
text: Considered under suspension of the rules. (consideration: CR H3712-3714)
action_date: 2005-05-23
text: Mr. Johnson, Sam moved to suspend the rules and pass the bill, as amended.
action_date: 2005-04-06
text: Referred to the House Committee on Ways and Means.
action_date: 2005-04-06
text: Introduced in House
action_date: 2005-04-06
text: Introduced in House

Enacted as: number: 109-227