HR 3942
105th Congress
House
Taxation
Armed Forces and National Security
Education
Flight training
Higher education
Income tax
Labor and Employment
Law
Limitation of actions
Personal income tax
Tax credits
Tax deductions
Tax refunds
Transportation and Public Works
Veterans' education
To provide that for taxable years beginning before 1980 the Federal income tax deductibility of flight training expenses shall be determined without regard to whether such expenses were reimbursed through certain veterans educational assistance allowances.
Introduced: May 21, 1998
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 1998
Referred to the House Committee on Ways and Means.
May 21, 1998
Introduced in House
Plain-English summary
States that in the case of a taxable year beginning before January 1, 1980, the determination of whether a tax deduction as a trade or business expense is allowable under the Internal Revenue Code for flight training expenses shall be made without regard to whether the taxpayer was reimbursed for any portion of such expenses through certain veterans educational assistance programs. Sets forth statute of limitations provisions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1