Coast Guard Combat-Injured Tax Fairness Act

Senate Bill 725 - Coast Guard Combat-Injured Tax Fairness Act: Overview, Status, and Impact

Hozzl · 2023-12-15T16:06:27Z

Explore the details of Senate Bill 725 Coast Guard Combat-Injured Tax Fairness Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

12/15/2023, 4:06 PM

Congressional Summary of S 725

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 725

Bill S 725 is currently in the status of Bill Introduced since March 8, 2023. Bill S 725 was introduced during Congress 118 and was introduced to the Senate on March 8, 2023. Bill S 725's most recent activity was Read twice and referred to the Committee on Finance. as of March 8, 2023

Bipartisan Support of Bill S 725

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 725

Primary Policy Focus

Armed Forces and National Security

Potential Impact Areas

- Coast guard

- Income tax exclusion

- Tax reform and tax simplification

- Veterans' pensions and compensation

Alternate Title(s) of Bill S 725

Coast Guard Combat-Injured Tax Fairness Act

A bill to amend the Combat-Injured Veterans Tax Fairness Act of 2016 to apply to members of the Coast Guard when the Coast Guard is not operating as a service in the Department of the Navy, and for other purposes.