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Coast Guard Combat-Injured Tax Fairness Act

Source: Congress.gov  ·  1,094 words in original text
This bill extends tax benefits to Coast Guard members with combat-related injuries. The bill amends an existing law called the Combat-Injured Veterans Tax Fairness Act of 2016 to include Coast Guard personnel when the Coast Guard is not operating under the Department of the Navy.
Coast Guard members with combat-related injuries who received severance (pay given when leaving service) payments with taxes improperly withheld.
• The Secretary of Homeland Security gains responsibility for administering tax fairness requirements for Coast Guard members when the Coast Guard is not operating as a service in the Department of the Navy. (Sec. 2(a)) • The Secretary of Transportation gains responsibility for administering tax fairness requirements for Coast Guard members during periods when the Coast Guard operated as a service in the Department of Transportation. (Sec. 2(a)) • The Secretary of Homeland Security and Secretary of Transportation must identify amounts improperly withheld from Coast Guard members and issue reports within one year of this law's enactment. (Sec. 2(b)(1)) • The Secretary of Homeland Security must begin preventing improper tax withholding from Coast Guard severance payments starting immediately upon this law's enactment. (Sec. 2(b)(2))
If this law passes, Coast Guard members with combat-related injuries will receive the same tax relief benefits that the 2016 law already provides to other military service members. The government agencies responsible for the Coast Guard will now handle the identification and restoration of improperly withheld taxes.
None defined in the bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.