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Armed Forces Tax Fairness Act of 2002

1/16/2023, 4:17 AM

Congressional Summary of HR 5063

Armed Forces Tax Fairness Act of 2002 - Amends the Internal Revenue Code to suspend, for members of the uniformed services serving on "qualified official extended duty" (any extended duty while serving at a duty station which is at least 250 miles from the principal residence or while residing under Government orders in Government quarters), the five-year period utilized in determining exclusion of gain from the sale of such residence. Limits the extension of such period to not more than five years.

Restores in full the tax exempt status of death gratuity payments to members of the armed services.

Read the Full Bill

Current Status of Bill HR 5063

Bill HR 5063 is currently in the status of Bill Introduced since July 8, 2002. Bill HR 5063 was introduced during Congress 107 and was introduced to the House on July 8, 2002.  Bill HR 5063's most recent activity was Message on House action received in Senate and at desk: House amendments to Senate amendments. as of November 14, 2002

Bipartisan Support of Bill HR 5063

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
5
Democrat Cosponsors
0
Republican Cosponsors
5
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5063

Primary Policy Focus

Taxation

Potential Impact Areas

- Agriculture and Food
- Annuities
- Armed Forces and National Security
- Armed forces abroad
- Armed forces reserves
- Atmospheric research
- Capital gains tax
- Citizenship
- Day care
- Department of Commerce
- Department of Health and Human Services
- Economics and Public Finance
- Expatriation
- Families
- Federal employees
- Gifts
- Government Operations and Politics
- Health
- Home ownership
- Housing and Community Development
- Housing finance
- Immigration
- Income tax
- Individual retirement accounts
- International Affairs
- Labor and Employment
- Law
- Marine and coastal resources, fisheries
- Military dependents
- Military operations
- Military pensions
- Military personnel
- Military training
- National Guard
- Oceanographic research
- Personal income tax
- Public Lands and Natural Resources
- Public health personnel
- Real estate appraisal
- Repatriation
- Science, Technology, Communications
- Social Welfare
- Social security taxes
- Survivors' benefits
- Tax administration
- Tax exclusion
- Tax returns
- Tax treaties
- Tax-deferred compensation plans
- Tax-exempt organizations
- Transportation and Public Works
- Travel costs
- Trusts and trustees
- User charges
- Veterans' organizations
- Visas

Alternate Title(s) of Bill HR 5063

Armed Forces Tax Fairness Act of 2002
To amend the Internal Revenue Code of 1986 to provide a special rule for members of the uniformed services in determining the exclusion of gain from the sale of a principal residence and to restore the tax exempt status of death gratuity payments to members of the uniformed services.
Armed Forces Tax Fairness Act of 2002
Armed Forces Tax Fairness Act of 2002
Armed Forces Tax Fairness Act of 2002
Unemployment Benefits bill
An Act to amend the Internal Revenue Code of 1986 to improve tax equity for military personnel, and for other purposes.
To make technical amendments to the Social Security Act and related Acts.
Armed Forces Tax Fairness Act of 2002

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