US Congress Senate Bill 697 (Prior Session Legislation)

---

Sponsorship: Bipartisan Bill
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-22 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks: CR S1933-1934; text of measure as introduced: CR S1934)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Tax Relief for Guard and Reserve Training Act This bill amends the Internal Revenue Code, with respect to the tax deductions for expenses in connection with the performance of services as a member of a reserve component of the Armed Forces, to: (1) reduce from 100 miles to 50 miles (without regard to whether such period includes an overnight stay) the distance from home requirement for the above-the-line deduction; and (2) exempt from the 2% floor on miscellaneous itemized deductions the deductions allowed that consist of expenses paid or incurred in connection with the performance of such services for any period (without regard to whether such period includes an overnight stay) during which the individual is more than 50 miles away from home in connection with the services. (Above-the-line deductions are subtracted from gross income to arrive at adjusted gross income. Under current law, miscellaneous itemized deductions are only allowed if the aggregate of the deductions exceeds 2% of the taxpayer's adjusted gross income.)

Tax Relief for Guard and Reserve Training Act

Sen. Steve Daines [R-MT]	Sen. Tom Udall [D-NM]	Sen. Susan Collins [R-ME]	Sen. Jon Tester [D-MT]
Sen. Joe Donnelly [D-IN]	Sen. Tammy Baldwin [D-WI]	Sen. Angus King [I-ME]

Date	Chamber	Action
2017-03-22	Senate	Read twice and referred to the Committee on Finance. (Sponsor introductory remarks: CR S1933-1934; text of measure as introduced: CR S1934)

HB1687 (Same As) 2017-03-22 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/697/all-info
Text	https://www.congress.gov/115/bills/s697/BILLS-115s697is.pdf