II 111th CONGRESS 2d Session S. 3819 IN THE SENATE OF THE UNITED STATES September 22, 2010 Mrs. Lincoln (for herself and Mr. Kerry) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to reduce the mileage threshold for the deduction for National Guard and Reservists overnight travel expenses.

1.

Reduction in mileage threshold for National Guard and Reservists overnight travel expenses deduction

(a)

In general

Section 62(a)(2)(E) of the Internal Revenue Code of 1986 is amended by striking 100 miles and inserting 50 miles. (b)

Effective date

The amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after December 31, 2010.