Children of Fallen Servicemembers AMT Relief Act of 2019 This bill modifies the individual alternative minimum tax (AMT) to specify that any annuity paid under the Department of Defense (DOD) Survivor Benefit Plan is considered earned income of a child. This prevents the benefits paid to children from being subject to the AMT. (The DOD program provides a lifetime annuity to survivors of military service members and retirees.)
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Income tax ratesMilitary personnel and dependentsVeterans' pensions and compensation
Children of Fallen Servicemembers AMT Relief Act of 2019
USA116th CongressHR-1791| House
| Updated: 3/14/2019
Children of Fallen Servicemembers AMT Relief Act of 2019 This bill modifies the individual alternative minimum tax (AMT) to specify that any annuity paid under the Department of Defense (DOD) Survivor Benefit Plan is considered earned income of a child. This prevents the benefits paid to children from being subject to the AMT. (The DOD program provides a lifetime annuity to survivors of military service members and retirees.)