Gold Star Family Tax Relief Act

Bill: 116-s-1370
Sponsor: full_name: Sen. Cassidy, Bill [R-LA]
Introduced: 2019-05-08
Policy area: Taxation
Subjects: Income tax rates

Military personnel and dependents

Veterans' pensions and compensation
Latest action: action_date: 2019-05-21
text: Ordered held at desk by unanimous consent.

Summaries:
action_date: 2019-05-08
action_desc: Introduced in Senate
text: <p><b>Gold Star Family Tax Relief Act </b></p> <p>This bill treats certain military survivor benefits that are received by children as earned income of the child for the purposes of the kiddie tax (the tax on the unearned income of children). This has the effect of exempting the benefits from such tax.</p>

action_date: 2019-05-21
action_desc: Passed Senate
text: <p><b>Gold Star Family Tax Relief Act </b></p> <p>(Sec. 2) This bill treats certain military survivor benefits that are received by children as earned income of the child for the purposes of the kiddie tax (the tax on the unearned income of children). This has the effect of exempting the benefits from such tax.</p> <p>The bill applies to taxable years beginning after December 31, 2017. </p>

tv_txt: 116th CONGRESS 1st Session S. 1370 IN THE SENATE OF THE UNITED STATES AN ACT To amend the Internal Revenue Code of 1986 to treat certain military survivor benefits as earned income for purposes of the kiddie tax.

1. Short title This Act may be cited as the Gold Star Family Tax Relief Act . 2. Certain military survivor benefits treated as earned income for kiddie tax (a) In general Section 1(g)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (D) Treatment of certain military survivor benefits For purposes of this subsection, any benefit under laws administered by the Secretary of Defense or the Secretary of Veterans Affairs which— (i) is received by a child by reason of the child being the survivor of a deceased member of the Armed Forces or of a deceased veteran, and (ii) is included in the gross income of such child, shall be considered earned income of such child. . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2017.

Passed the Senate May 21, 2019. Secretary

tv_txt: II 116th CONGRESS 1st Session S. 1370 IN THE SENATE OF THE UNITED STATES May 8, 2019 Mr. Cassidy (for himself, Mr. Jones , Mr. Toomey , Mr. Warner , Mr. Grassley , Mr. Wyden , Ms. Klobuchar , Mr. King , Mr. Isakson , Ms. Baldwin , Mr. Crapo , Mr. Blumenthal , Mr. Burr , Mr. Tester , Mr. Daines , Mrs. Murray , Mr. Cornyn , Ms. Sinema , Mr. Roberts , Mr. Cotton , Mr. Brown , Mr. Johnson , Mr. Bennet , Mr. Scott of South Carolina , Mr. Casey , Ms. Cortez Masto , Ms. Hassan , Mr. Menendez , Mr. Peters , and Mr. Hoeven ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to treat certain military survivor benefits as earned income for purposes of the kiddie tax.

1. Short title This Act may be cited as the Gold Star Family Tax Relief Act . 2. Certain military survivor benefits treated as earned income for kiddie tax (a) In general Section 1(g)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (D) Treatment of certain military survivor benefits For purposes of this subsection, any benefit under laws administered by the Secretary of Defense or the Secretary of Veterans Affairs which— (i) is received by a child by reason of the child being the survivor of a deceased member of the Armed Forces or of a deceased veteran, and (ii) is included in the gross income of such child, shall be considered earned income of such child. . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2017.