H.R. 4250 (Introduced in House) — To amend the Internal Revenue Code of 1986 to extend the statute of limitation for credit or refund for taxpayers who receive combat pay.

Section 1 Extended statute of limitation for credit or refund for taxpayers who receive combat pay

(a)

In general— Section 6511 of the Internal Revenue Code of 1986 is amended by redesignating subsection (i) as subsection (j) and by inserting after subsection (h) the following new subsection:

“(i) Special rule for excludable combat pay—In the case of a claim for credit or refund which relates to an overpayment of tax imposed by subtitle A for a taxable year in which the taxpayer received compensation properly excludible from gross income under section 112, this section shall be applied—

“(1) by substituting “15 years” for “3 years” each place it appears in subsections (a) and (b)(2),

“(2) by substituting “15 years” for “2 years” each place it appears in such subsections, and

“(3) by substituting “15-year period” for “3-year period” each place it appears in subsection (b)(2).”

(b)

Effective date— The amendments made by this section shall apply to claims for credit or refund made on or after the date of the enactment of this Act.

To amend the Internal Revenue Code of 1986 to extend the statute of limitation for credit or refund for taxpayers who receive combat pay.

Section 1 Extended statute of limitation for credit or refund for taxpayers who receive combat pay

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