Coast Guard Combat-Injured Tax Fairness Act

Bill: 117-s-3207
Sponsor: full_name: Sen. Cassidy, Bill [R-LA]
Introduced: 2021-11-15
Policy area: Transportation and Public Works
Latest action: action_date: 2021-11-15
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2021-11-15
action_desc: Introduced in Senate
text: <p><b>Coast Guard Combat-Injured Tax Fairness Act</b> <at > </p> <p>This bill extends the provisions of the Combat-Injured Veterans Tax Fairness Act of 2016 to the Department of Homeland Security, with respect to the U.S. Coast Guard when it is not operating in the Department of the Navy. That act directed the Department of Defense to identify (1) certain disability severance payments paid after January 17, 1991, to veterans with combat-related injuries, from which it withheld amounts for tax purposes; and (2) the individuals to whom such severance payments were made.</p>

tv_txt: II 117th CONGRESS 1st Session S. 3207 IN THE SENATE OF THE UNITED STATES November 15, 2021 Mr. Cassidy (for himself and Mr. Menendez ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Combat-Injured Veterans Tax Fairness Act of 2016 to apply to members of the Coast Guard when the Coast Guard is not operating as a service in the Department of the Navy, and for other purposes.

1. Short title This Act may be cited as the Coast Guard Combat-Injured Tax Fairness Act . 2. Restoration of amounts improperly withheld for tax purposes from severance payments to veterans of the Coast Guard with combat-related injuries (a) Application to members of the Coast Guard when the Coast Guard is not operating as a service in the Department of the Navy The Combat-Injured Veterans Tax Fairness Act of 2016 ( Public Law 114–292 ; 10 U.S.C. 1212 note) is amended— (1) in section 3(a), in the matter preceding paragraph (1), by inserting (or the Secretary of Homeland Security, with respect to the Coast Guard when it is not operating as a service in the Department of the Navy) after the Secretary of Defense ; and (2) in section 4— (A) in the section heading, by inserting and Secretary of Homeland Security after Secretary of Defense ; (B) by inserting or the Secretary of Homeland Security after The Secretary of Defense ; and (C) by striking made by the Secretary and inserting made by that Secretary . (b) Deadlines The Secretary of Homeland Security shall carry out the requirements under— (1) section 3(a) of the Combat-Injured Veterans Tax Fairness Act of 2016 ( Public Law 114–292 ; 10 U.S.C. 1212 note), as amended by subsection (a)(1), not later than one year after the date of the enactment of this Act; and (2) section 4 of that Act, as amended by subsection (a)(2), beginning on the date of the enactment of this Act.