H.R. 3629, The Providing Tax Fairness for Service Members and Veterans Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on October 28, 2007, 18:34:46, by webmaster:

H.R. 3629 would amend the Internal Revenue Code of 1986 to extend for 4 years the election to include combat pay as earned income for purposes of the earned income credit and the use of qualified mortgage bonds to finance residences for veterans without regard to first-time homebuyer requirement.

Detailed Summary

Providing Tax Fairness for Service Members and Veterans Act of 2007 - Amends the Internal Revenue Code to extend through 2011: (1) the taxpayer election to include combat pay as earned income for purposes of computing the earned income tax credit; and (2) eligibility of veterans for mortgage financing without regard to first-time homebuyer requirements.

Status of the Legislation

Latest Major Action: 9/20/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

(Log in to edit the wiki and be the first to show why the bill should pass!)

Points Against

(Log in to edit the wiki and be the first to show why the bill should not pass!)

« Return to Revision History.