[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2098 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2098

 To amend section 217 of the Internal Revenue Code of 1986 to provide 
 that military moving expense reimbursements are excluded from income 
    without regard to the deductibility of the expenses reimbursed.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                 May 10 (legislative day, May 2), 1994

  Mr. Gramm (for himself, Mr. McCain, Mr. Lott, Mr. Shelby, and Mrs. 
  Hutchison) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend section 217 of the Internal Revenue Code of 1986 to provide 
 that military moving expense reimbursements are excluded from income 
    without regard to the deductibility of the expenses reimbursed.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCLUSION FROM INCOME OF MILITARY MOVING EXPENSE 
              REIMBURSEMENTS.

    (a) In General.--Section 217(b)(1) of the Internal Revenue Code of 
1986 (relating to the definition of moving expenses) is amended by 
striking ``For'' and inserting ``Except as provided in subsection 
(g)(2), for''.
    (b) Exclusion.--Section 217(g)(2) of the Internal Revenue Code of 
1986 (relating to rules for deducting moving expenses for members of 
the Armed Forces) is amended to read as follows:
            ``(2) any moving and storage expenses--
                    ``(A) which are furnished in kind, or
                    ``(B) for which reimbursement or an allowance is 
                provided, but only to the extent of the expenses paid 
                or incurred,
        to such member, the member's spouse, or the member's 
        dependents, shall not be includible in gross income, without 
        regard to whether the expenses reimbursed would otherwise be 
        deductible under this section, and''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by this Act shall apply to expenses incurred 
after December 31, 1993.

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