Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Impact
The bill proposes that taxpayers will be eligible for a credit equivalent to the postage expenses incurred on types of USPS priority mail sent to individuals serving in the military. It specifies that the credit will be applied against the taxpayer's gross income tax liability, emphasizing the relief it provides for families aiming to maintain connections with their loved ones in the service. The legislation is expected to come into effect immediately, with the tax benefit applying to taxable years following the enactment date.
Summary
Senate Bill No. 3379, introduced by Senator Joseph F. Vitale, seeks to establish a gross income tax credit aimed at alleviating the postage costs that taxpayers incur when sending parcels to members of the United States Armed Forces and National Guard who are stationed away from home. This initiative is designed to address the emotional challenge of homesickness faced by military personnel by facilitating the sending of care packages from family and friends, which are crucial for boosting morale during deployment.
Contention
While the bill generally garners support for its intent to assist military families, discussions may arise regarding the fiscal implications of such tax credits. Debates could center around the budgetary impact on state revenues and whether such a tax policy adequately addresses the broader needs of military families. Furthermore, there might be calls for expanding the scope of the bill to include not only postage costs but also other support systems for service members and their families.
Same As
Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Carry Over
Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Carry Over
Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.
Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.
Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.
Provides corporation business tax and gross income tax credits for employing immediate family members of members of the Armed Forces of the United States who were killed in action.