House Passes Military Tax Bill

As coalition forces started their assault on Iraq, the House passed a new bill to establish tax breaks for members of the military and their families. Some provisions would exempt the entire death gratuity payment from taxation and broaden the group of soldiers who can get extensions on their tax-filing deadlines. The bill would cost $835 million from 2003 to 2013 and save military families some $85 million in 2003, according to House Democrats. The bill will now be taken up by the Senate.

 

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