[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2338 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2338

  To provide that for taxable years beginning before 1980 the Federal 
     income tax deductibility of flight training expenses shall be 
  determined without regard to whether such expenses were reimbursed 
      through certain veterans educational assistance allowances.


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                   IN THE SENATE OF THE UNITED STATES

                July 29 (legislative day, July 20), 1994

   Mr. Brown introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To provide that for taxable years beginning before 1980 the Federal 
     income tax deductibility of flight training expenses shall be 
  determined without regard to whether such expenses were reimbursed 
      through certain veterans educational assistance allowances.

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

SECTION 1. TREATMENT OF CERTAIN REIMBURSED FLIGHT TRAINING EXPENSES.

    (a) In General.--In the case of a taxable year beginning before 
January 1, 1980, the determination of whether a deduction is allowable 
under section 162(a) of the Internal Revenue Code of 1954 for flight 
training expenses shall be made without regard to whether the taxpayer 
was reimbursed for any portion of such expenses under section 1677(b) 
of title 38, United States Code (as in effect before its repeal by 
Public Law 97-35).
    (b) Statute of Limitations.--If refund or credit of any overpayment 
of tax resulting from the application of subsection (a) is prevented at 
any time before the close of the 1-year period beginning on the date of 
the enactment of this Act by the operation of any law or rule of law 
(including res judicata), refund or credit of such overpayment (to the 
extent attributable to the application of subsection (a)) may, 
nevertheless, be made or allowed if claim therefor is filed before the 
close of such 1-year period.
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