Tax Refund for Combat-Injured Coast Guard Members
This act ensures that Coast Guard members who sustained combat-related injuries and received severance payments are eligible for a refund of improperly withheld taxes. This means these individuals will receive money that was previously taken from them due to incorrect tax interpretations. The act mandates relevant agencies to identify and return these amounts within a specified timeframe.
Key points
Extends the right to a refund of improperly withheld taxes from severance payments for combat-injured individuals to include Coast Guard members.
Requires the Secretary of Homeland Security and the Secretary of Transportation to identify and refund these amounts within one year of the act's enactment.
Ensures that future severance payments for combat-injured Coast Guard members will not have taxes improperly withheld.
Status:
Introduced
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