110 HR 5798 IH: Homefront Heroes Tax Relief Act of U.S. House of Representatives 2008-04-15 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. 5798 IN THE HOUSE OF REPRESENTATIVES April 15, 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 allow a credit for care packages provided for soldiers in combat zones.

1.

Short title

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

2.

Credit for care packages for members of Armed Forces in a combat zone

(a)

In general

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

25E.

Care packages for members of Armed Forces in a combat zone

(a)

In general

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 qualified care package amount. (b)

Limitation

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

Qualified care package amount

For purposes of subsection (a), the term qualified care package amount means the amount paid or incurred to provide a care package for a member of the Armed Forces of the United States serving in a combat zone (as defined in section 112(c)(2)) through an organization— (1)described in section 501(c)(3) and exempt from tax under section 501(a), (2)organized for a purpose which includes supporting members of the Armed Forces of the United States, and (3)listed on a website maintained by the Secretary of Defense. (d)

Special rules

(1)

Related persons

No amount shall be taken into account under subsection (a) for a care package provided for a related person. For purposes of the preceding sentence, the term related person means a person who bears a relationship to the taxpayer which would result in a disallowance of losses under section 267 or 707(b). (2)

Receipts

No amount shall be taken into account under subsection (a) with respect to which the taxpayer has not submitted such information as the Secretary determines necessary, including information relating to receipts for contents and shipping of care packages.

. (b)

Clerical Amendments

The table of sections for such part is amended by inserting after the item relating to section 25D the following new item: Sec. 25E. Care packages for members of Armed Forces in a combat zone. . (c)

Effective date

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