HR 4130
111th Congress
House
Taxation
Afghanistan
Asia
Defense spending
Economic performance and conditions
Income tax exclusion
Income tax rates
Military operations and strategy
Military personnel and dependents
Share the Sacrifice Act of 2010
Introduced: November 19, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2009
Referred to the House Committee on Ways and Means.
Nov 19, 2009
Introduced in House
Plain-English summary
Share the Sacrifice Act of 2010 - Amends the Internal Revenue Code to impose a temporary income-based surtax beginning after 2010 on the net income tax liability of individual taxpayers, trusts, estates, and corporations to cover federal expenditures for the war in Afghanistan. Exempts members of the Armed Forces who have received combat zone compensation, family members of such members who received a death gratuity on or after September 11, 2001, and taxpayers whose adjusted gross income does not exceed $30,000. Authorizes the President to delay the implementation of such tax for up to one year if the President determines that the U.S. economy is too weak to absorb it.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1