110 HR 5785 IH: Homefront Heroes Helping Frontline U.S. House of Representatives 2008-04-14 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.

I 110th CONGRESS 2d Session H. R. 5785 IN THE HOUSE OF REPRESENTATIVES April 14, 2008 Mr. Hill introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide a credit for providing volunteer service to military families through the America Supports You program of the Department of Defense.

1.

Short title

This Act may be cited as the Homefront Heroes Helping Frontline Families Tax Relief Act of 2008.

2.

Credit for volunteer service to military families through America Supports You program

(a)

In general

Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to nonrefundable personal credits) is amended by inserting after section 25D the following new section:

25E.

Volunteer service to military families through America Supports You program

(a)

Allowance of credit

In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of the qualified service amounts with respect to qualified service performed during the taxable year by the taxpayer, his spouse, and his dependents (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof). (b)

Limitation

The amount allowed as a credit under subsection (a) for a taxable year shall not exceed $500. (c)

Qualified service amount

For purposes of subsection (a), the term qualified service amount means, with respect to an hour (or portion thereof) of qualified service, the minimum wage required under section 6(a) of the Fair Labor Standards Act of 1938 (29 U.S.C. 206(a)) as in effect on the date of such service. (d)

Qualified service

For purposes of subsection (a)— (1)

In general

The term qualified service means service meeting the requirements of paragraph (2) which is provided through an organization— (A)described in section 501(c)(3) and exempt from tax under section 501(a), and (B)which is approved by the Secretary of Defense to participate in the America Supports You program of the Department of Defense. (2)

Service requirements

Service meets the requirements of this paragraph if the service— (A)is provided on a volunteer basis, (B)is for not less than 10 hours per week in not less than 4 weeks of the taxable year, and (C)is directly involved with the mission of the America Supports You program of helping military families. (3)

Certification requirement

Service shall not be taken into account under this section unless the organization through which such service is performed certifies the date of such service and that such service meets the requirements of paragraph (2). (e)

Inflation adjustment

(1)

In general

In the case of any taxable year beginning in a calendar year after 2008, the $500 amount in subsection (b) shall be increased by such amount multiplied by the percentage change (if any) from the minimum wage on January 1, 2008, to the minimum wage on the last day of the preceding taxable year. (2)

Minimum wage

For purposes of paragraph (1), the term minimum wage means the minimum wage required under section 6(a) of the Fair Labor Standards Act of 1938 (29 U.S.C. 206(a)). (3)

Rounding

If any amount as adjusted under paragraph (1) is not a multiple of $10, such amount shall be rounded to the nearest multiple of $10. (f)

Regulations

The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out this section.

. (b)

Clerical amendment

The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the items relating to section 25D the following new item: Sec. 25E. Volunteer service to military families through America Supports You program. . (c)

Effective date

The amendments made by this section shall apply to service performed in taxable years beginning after December 31, 2007.