Matteo Renzi: “Mr. Speaker, H.R. 3365, the Fallen Patriots Tax Relief Act of 2003…”

On the recordOctober 28, 2003

Mr. Speaker, H.R. 3365, the Fallen Patriots Tax Relief Act of 2003, addresses the death gratuity paid to a survivor of a military member of the United States, which historically has been exempt from taxation. An oversight in the Tax Code after gratuity was increased to $6,000 left half of this payment subject to taxation. The benefit was designed to assist survivors of deceased members of the military with their financial needs during the period following the soldier's death and before other survivor benefits become available. The first section of this legislation raises the death gratuity payment to $12,000. This increase has already been funded in the Defense Appropriations Act recently signed into law. The second section of this bill amends the U.S. Tax Code to restore the payment to its historical full tax exempt status.

Said by

Matteo Renzi

Italy Alive

Source

govinfo.gov

Editor's note · Context

Discussing the Fallen Patriots Tax Relief Act of 2003 and its impact on military death gratuity payments.

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Matteo Renzi: “Mr. Speaker, H.R. 3365, the Fallen Patriots Tax Relief Act of 2003, addresses the death gratuity paid to a survivor of a…”

Editor's note · Context