3.0.0 803 2023-01-15T23:33:13Z 2023-01-15T23:33:13Z Senate S S 2003-04-07 108 ssfi00 Finance Committee Senate Standing Referred to 2003-04-07T22:16:35Z 2003-04-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-04-07 Introduced in Senate IntroReferral 10000 9 Library of Congress N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin N M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2003-04-07 True D000064 Sen. Daschle, Thomas A. [D-SD] THOMAS DASCHLE D SD ANDREW 2003-04-07 True L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2003-04-07 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2003-04-07 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2003-04-07 True C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2003-04-07 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2003-04-07 True M001141 Sen. Miller, Zell [D-GA] ZELL MILLER D GA 2003-04-11 False Taxation Armed Forces and National Security Armed forces reserves Finance and Financial Sector Financial statements Income tax Saving and investment Tax deductions Tax exemption Tax rates Trusts and trustees Taxation 00 2003-04-07 Introduced in Senate 2006-11-28T17:35:40Z Treats account distributions from deductible contributions as taxable income. Provides an additional ten percent tax unless the distribution is made: (1) while the account holder is serving on active duty (including the 60-day period immediately preceding or following such period); or (2) after the account holder ceases to be a member of a reserve component or is transferred to such component's retired list.

Exempts an Armed Forces reserve savings account from taxation unless such account has ceased to be an Armed Forces reserve savings account due to a prohibited transaction by a contributor or a person for whose benefit such account was established.]]>

Mobilized Reserve Savings Account Act Display Title Mobilized Reserve Savings Account Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow a deduction to members of the Armed Forces reserves for contributions to savings accounts which may be used when the members are called to active duty. Introduced in Senate IS Short Titles as Introduced Mobilized Reserve Savings Account Act Introduced in Senate 2003-04-07T04:00:00Z 2003-04-07 Read twice and referred to the Committee on Finance. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.