115 S673 IS: Savings for Servicemembers Act U.S. Senate 2017-03-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II115th CONGRESS1st SessionS. 673IN THE SENATE OF THE UNITED STATESMarch 21, 2017Ms. Klobuchar (for herself, Mr. Tillis, Mr. Van Hollen, Mr. Markey, Mr. Kaine, Mrs. Gillibrand, and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to decrease the distance away from home required for a member of a reserve component of the Armed Forces to be eligible for the above-the-line deduction for travel expenses.

1.

Short title

This Act may be cited as the Savings for Servicemembers Act.

2.

Decrease in required distance away from home for above-the-line deduction for travel expenses of members of a reserve component of the Armed Forces

(a)

In general

Section 62(a)(2)(E) of the Internal Revenue Code of 1986 is amended by striking 100 miles and inserting 50 miles. (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2016.