Air Force Times: Bill would give combat vets home tax breaks
On Friday, the Air Force Times posted an article about the introduction of the American Heroes' Homeownership Assistance Act.
From The Times...
Two Republican lawmakers are proposing a novel benefit for combat veterans that would provide a tax credit of up to $7,500 for buying a home.
Reps. Gus Bilirakis and Adam Putnam, both from Florida, may be proposing the idea too late for consideration this year, because Congress already has passed a military-related tax bill and generally would not pass such an idea as a freestanding measure.
Their new bill, HR 6181, called the American Heroes’ Homeowner Assistance Act, would provide a one-time tax credit of up to 10 percent of a home’s purchase price, with a maximum of $7,500, for service since 2001 in a combat zone. The tax credit also would apply to the survivors of service members who died of combat-related causes since 2001.
According to a statement from the two lawmakers, the idea is to make homeownership more affordable to service members and their families.
Bilirakis is the sponsor of several bills to increase military and veterans’ benefits. “The men and women who are putting their lives on the line in defense of our nation should be provided with every opportunity to resume a normal life with their families after returning from war,” he said. “Assistance should be made available to these warfighters whose lives, families and civilian careers have been seriously and often detrimentally affected as a result of their service in a war zone.” Read more...
Find more information about this bill here.