William Becker Promoting Careers in Aviation for America’s Veterans Act

Bill: 117-hr-3597
Sponsor: full_name: Rep. Katko, John [R-NY-24]
Introduced: 2021-05-28
Policy area: Armed Forces and National Security
Latest action: action_date: 2021-09-07
text: Referred to the Subcommittee on Economic Opportunity.

Summaries:
action_date: 2021-05-28
action_desc: Introduced in House
text: <p><strong>William Becker Promoting Careers in Aviation for America's Veterans Act</strong></p> <p>This bill modifies the treatment of reimbursed flight training expenses for tax deduction purposes and in relation to educational assistance benefits for veterans.</p> <p>In taxable years before January 1, 1980, the determination of whether a deduction for flight training expenses is authorized as a trade or business expense must be made without regard to whether the taxpayer was reimbursed for any portion of such expenses by the Department of Veterans Affairs (VA).</p> <p>The bill removes the requirement that an individual must possess a valid private pilot certificate and meet certain medical requirements to utilize VA educational assistance for flight training purposes.</p> <p>The VA, the Department of Defense, and the Department of Labor must develop a national strategy for providing assistance to veterans in pursuing careers in aviation. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3597 IN THE HOUSE OF REPRESENTATIVES May 28, 2021 Mr. Katko (for himself and Mr. Allred ) introduced the following bill; which was referred to the Committee on Veterans' Affairs , and in addition to the Committee on Ways and Means , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To provide that for taxable years beginning before 1980 the Federal income tax deductibility of flight training expenses shall be determined without regard to whether such expenses were reimbursed through certain veterans educational assistance allowances, and for other purposes.

1. Short title This Act may be cited as the William Becker Promoting Careers in Aviation for America’s Veterans Act . 2. Treatment of certain reimbursed flight training expenses (a) In general In the case of a taxable year beginning before January 1, 1980, the determination of whether a deduction is allowable under section 162(a) of the Internal Revenue Code of 1986 for flight training expenses shall be made without regard to whether the taxpayer was reimbursed for any portion of such expenses under section 1677(b) of title 38, United States Code (as in effect before its repeal by Public Law 97–35 ). (b) Statute of limitations If refund or credit of any overpayment of tax resulting from the application of subsection (a) is prevented at any time before the close of the 1-year period beginning on the date of the enactment of this Act by the operation of any law or rule of law (including res judicata), refund or credit of such overpayment (to the extent attributable to the application of subsection (a)) may, nevertheless, be made or allowed if claim therefor is filed before the close of such 1-year period. 3. Use of Department of Veterans Affairs educational assistance benefits for private pilot certification courses Section 3034(d) of title 38, United States Code, is amended— (1) in paragraph (1), by inserting and after the semicolon; (2) by striking paragraph (2); and (3) by redesignating paragraph (3) as paragraph (2). 4. National strategy to provide assistance to veterans pursuing careers in aviation The Secretary of Veterans Affairs, in coordination with the Secretary of Defense and the Secretary of Labor, shall develop a national strategy for providing assistance to veterans in pursuing careers in aviation. Such strategy shall include— (1) an assessment of existing programs to develop methods and procedures of informing veterans of any benefits to which they may be entitled relating to the pursuit of a career in aviation; (2) a survey of existing private and public employment opportunities for veterans in the aviation industry; and (3) policy recommendations for providing assistance to veterans who are interested in pursuing careers in aviation.