To amend the Internal Revenue Code of 1986 to make permanent the penalty-free distributions from retirement plans to individuals called to active duty and the election to include combat pay as earned income for purposes of the earned income tax credit.
Military Service Tax Relief Act of 2007 - Amends the Internal Revenue Code to make permanent: (1) penalty-free distributions from individual retirement plans to individuals called or ordered to active military duty; and (2) the taxpayer election to include combat zone compensation as earned income for purposes of computing the earned income tax credit.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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