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Tax Relief for Troops Financial Tip of the Week by Deloitte & Touche OnLine April 12, 1999 |
Soldiers in Kosovo may soon get tax help from Congress. |
A bill providing tax relief for the troops in Kosovo will be marked up by the House Ways and Means Committee April 13 as Congress returns from its Easter recess. The full House, which will return April 12, is scheduled to vote on the matter as early as April 14, according to House Majority Whip Tom DeLay, R-Texas. The Senate also is set to return April 12. Under the proposal, combat zone pay would be tax-free, the 1998 filing season deadline for those facing hazardous duty would be extended, and the troops would be exempt from the telephone excise tax. "Our men and women serving in the Kosovo area should be focused on one thing and one thing only -- keeping themselves safe from harm and achieving our mission. Certainly the last thing they and their families need to worry about right now is dealing with the IRS," said House Ways and Means Committee Chairman Bill Archer, R-Texas. Follow developments on this bill in Tax News & Views. |
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