TAX RELIEF FOR BOSNIA SOLDIERS ACT

REFERENCES AND BACKGROUND

Acronym: TRBS

Bill Reference:

Law Reference: P.L. 104-117

Date of Enactment : March 20, 1996

TAX PROVISIONS

In General: Peacekeeping forces in the former Republic of
Yugoslavia now qualify for tax benefits normally limited to
soldiers assigned to officially designated combat zones. IRC §112
.

Other Provisions: The new law also increases the exclusion for
officers' combat pay and waives filing time requirements for
armed forces personnel who are relocated to support the
peacekeeping effort. A soldier need not necessarily be relocated
to the former Yugoslavia to qualify for tax relief. The new law
increases the $ 500 limit on the exclusion of income for combat
pay of officers. Enlisted personnel face no such limit and the
officers' limit would be increased to the highest rate of basic
pay for enlisted personnel -- about $ 4,000 a month.

Revenue Offsets: To offset the cost of the legislation, the
legislation extends IRS user fees from October 1, 2000, through
October 1, 2003.

Effective Date: Retroactive to November 21, 1995.