Received in the Senate and Read twice and referred to the Committee on Finance.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Apr 8, 2003
Armed Forces Tax Fairness Act of 2003 - Amends the Internal Revenue Code (IRC) to authorize a member of the uniformed services or the Foreign Service on "qualified official extended duty" to extend for five years the five-year period utilized in determining full exclusion of gain from the sale of a principal residence.Excludes from gross income as a qualified military benefit the amount of the death gratuity with respect to deaths occurring after September 10, 2001.Exempts amounts received under the Homeowners Assistance Program from inclusion as gross income.Extends combat zone filing rules to contingency operations.Includes ancestors or lineal descendants of past or present members of the armed forces or of cadets as qualifying members of veterans' organizations for purposes of such organizations' tax-exempt status determination.Includes dependent care assistance provided under a dependent care assistance program for a member of the uniformed services by reason of such member's status or service as an income-excludable qualified military benefit.Exempts distributions from an education individual retirement account from the ten percent additional tax for non-educational use if made for an account holder at a U.S. military academy, to the extent that the distribution does not exceed the costs of advanced education.Provides a deduction for itemizers and non-itemizers for unreimbursed overnight travel, meals, and lodging expenses of National Guard and Reserve members who must travel and stay overnight as part of their official duties.Provides tax relief for families of the Columbia Space Shuttle by making the tax relief provisions applicable to terrorist attack victims applicable to the Columbia Space Shuttle.Provides that amounts transferred to Social Security trust funds shall be determined as if this Act had not enacted.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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