Legislative Updates: 112th Congress
Deutch Cosponsors the Disabled Veterans Tax Termination Act
As a representative of a district home to veterans of every major conflict since World War I, Congressman Ted Deutch cosponsored the Disabled Veterans Tax Termination Act. This legislation will end finally the current policy that wrongfully prevents disabled veterans from receiving the full amount of compensation earned by them through their service and sacrifice to our country. The Disabled Veterans Tax Termination Act provides for a comprehensive solution to the concurrent receipt problem facing members of our nation's Armed Services. Concurrent receipt refers to when a veteran receives income from both VA disability compensation and military retirement pay. Under current law, many veterans face a dollar-for-dollar offset on their military retirement pay based on their VA disability compensation, despite having rightfully earned both benefits through their service and sacrifice to our country. The legislation would permit retired service members who have a service-connected disability rated less than 50% to receive concurrent payment of both retired pay and veterans’ disability compensation. The bill also accelerates the phase-in period for current concurrent receipt provisions, and makes permanent concurrent receipt eligibility for Chapter 61 disability retirees with less than 20 years of service.
You can read H.R. 333, the Disabled Veterans Tax Termination Act, here |
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