S. 673 — Introduced in Senate

II 115th CONGRESS 1st Session S. 673 IN THE SENATE OF THE UNITED STATES March 21, 2017Ms. Klobuchar (for herself, Mr. Tillis, Mr. Van Hollen, Mr. Markey, Mr. Kaine, Mrs. Gillibrand, and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to decrease the distance away from home required for a member of a reserve component of the Armed Forces to be eligible for the above-the-line deduction for travel expenses. 1. Short title This Act may be cited as the Savings for Servicemembers Act. 2. Decrease in required distance away from home for above-the-line deduction for travel expenses of members of a reserve component of the Armed Forces (a) In general Section 62(a)(2)(E) of the Internal Revenue Code of 1986 is amended by striking 100 miles and inserting 50 miles. (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2016.