A bill to amend the Internal Revenue Code of 1954 to exclude from gross income certain amounts in the case of certain prisoners of war and other individuals; to exclude certain amounts in the case of their wives; and to amend title 37 of the United States Code to exempt from State and local income taxes the salaries of such prisoners and other individuals.
Prisoner of War Tax Relief Act - Excludes, under the Internal Revenue Code of 1954, from gross income any amounts received by prisoners of war when such individuals were in a missing status as a result of the Vietnam conflict.
States that in the case of any spouse of a missing serviceman, gross income does not include any amount, not in excess of $20,000, received by such spouse during the taxable year in which the missing status of such serviceman terminates. Exempts from State and local income taxes the salaries of such prisoners.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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