Bill · S. 878· Senate(119-S-878)
Coast Guard Combat-Injured Tax Fairness Act
- Introduced
- 3/6/2025
- Last activity
- 3/6/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bill Cassidy
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the ``Coast Guard Combat-Injured Tax Fairness Act'', aims to amend the Combat-Injured Veterans Tax Fairness Act of 2016. It expands the application of that act to include members of the Coast Guard during specific times. Specifically, it applies when the Coast Guard is not operating as a service in the Department of the Navy. This includes periods when the Coast Guard was operating as a service in the Department of Transportation. The amendment involves the Secretary of Homeland Security and the Secretary of Transportation.
Yes· 3 of 4
Would veterans be better off under this, taking everything together?+5
The bill ensures Coast Guard veterans with combat-related injuries are treated the same as other veterans regarding tax-exempt severance pay.
Does this increase the pay, pensions or support veterans receive?+5
The bill expands the application of the Combat-Injured Veterans Tax Fairness Act to ensure Coast Guard veterans with combat-related injuries receive their severance payments without improper tax withholding.
Does this cut taxes for middle-income families?+3
The bill prevents tax withholding on severance payments for Coast Guard veterans with combat-related injuries.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Restoration of withheld funds: The bill aims to restore amounts that were improperly withheld for tax purposes from severance payments to Coast Guard veterans with combat-related injuries (Section 2, subsection (a)).
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Clarified authority for Coast Guard members: By amending the existing law, the bill ensures that the Secretary of Homeland Security and the Secretary of Transportation have the authority to address these tax issues for the Coast Guard when it is not part of the Navy (Section 2, subsection (a)).
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+5Good For Low Income Households+2
- National Security And Foreign Policy
- Improves Veterans Benefits+5
- Economy And Finance
- Reduces Middle Class Taxes+3
- 3/6/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Raphael WarnockDemocrat · Georgia