Summary of Bill HR 3085
Bill 118 HR 3085, also known as the Coast Guard Combat-Injured Tax Fairness Act, is a piece of legislation that aims to provide tax relief to members of the United States Coast Guard who have been injured in combat. The bill specifically addresses a discrepancy in the tax code that currently excludes Coast Guard members from receiving the same tax benefits as other branches of the military.
Under current law, members of the Army, Navy, Air Force, and Marine Corps who are injured in combat are eligible for tax-free disability compensation from the Department of Veterans Affairs. However, Coast Guard members do not receive the same tax-free benefits, despite facing similar risks and dangers in combat situations.
The Coast Guard Combat-Injured Tax Fairness Act seeks to rectify this disparity by allowing Coast Guard members who are injured in combat to receive tax-free disability compensation from the Department of Veterans Affairs. This would ensure that all members of the military, regardless of branch, are treated equally when it comes to tax benefits for combat-related injuries.
Overall, the bill aims to provide fair and equitable treatment for Coast Guard members who have been injured in combat, ensuring that they receive the same tax benefits as their counterparts in other branches of the military.
Congressional Summary of HR 3085
Coast Guard Combat-Injured Tax Fairness Act
This bill extends a tax benefit related to combat-related severance pay to veterans of the Coast Guard. Specifically, severance pay amounts that were withheld for tax purposes from veterans with combat-related injuries must be restored to veterans of the Coast Guard.