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Subject: VETERANS EARN TAX RELIEF FOR HOMES, RETIREMENT 
Date: Fri, 23 May 2008 13:08:41 -0400
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Thread-Topic: VETERANS EARN TAX RELIEF FOR HOMES, RETIREMENT 
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From: "Crapo News Release (Crapo)" <newsclips@crapo.senate.gov>
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=20

FOR IMMEDIATE RELEASE
CONTACT:    Susan Wheeler (202) 224-5150

May 23, 2008
Lindsay Nothern (208) 344-1108

=20

=20

=20

VETERANS EARN TAX RELIEF FOR HOMES, RETIREMENT=20


Crapo, Senate approve new tax changes for military, families, employers


=20

Washington, DC - Idaho Senator Mike Crapo joined with the full Senate to
approve new tax relief for members of the U.S. military, their families
and their employers.  The Heroes Earnings Assistance and Relief Act
(HEART) was approved by unanimous consent and is expected to be signed
into law by the President.  The U.S. House of Representatives has
already approved the measure.  Crapo co-sponsored the Senate version of
the bill. =20

=20

"This legislation will make it easier for members of the military to
purchase a home and save for retirement," noted Crapo, a member of the
Senate Finance Committee which earlier approved a similar tax relief
package.  "The legislation will also make it easier for employers of
veterans to keep their jobs open if the individual is called back to
active duty."

=20

The HEART Act provides for several tax credits and incentives for both
active duty military and their families.  Among the benefits are a
refundable federal income tax credit that assists lower-income families,
language clarifying that all active duty personnel are eligible for
economic stimulus payments, the ability to withdraw retirement funds
tax-free for a two-year period and a permanent allowance for all
veterans to use qualified mortgage bonds to purchase their homes.

=20

=20

=20

=20

To directly link to this news release, please use the following address:


http://crapo.senate.gov/media/newsreleases/release_full.cfm?id=3D298355

=20

=20

# # #

=20

......................................................................

This is generated from an unattended mailbox. If you have constituent
comments or information you would like forwarded to Senator Crapo,
please do so at the Senator's website, http://crapo.senate.gov
<http://crapo.senate.gov/> . Comments sent to this e-mail address will
not be responded to.


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<p class=3DMsoNormal =
style=3D'margin-left:4.0in;text-indent:-4.0in'><font size=3D3
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RELEASE           =
            &=
nbsp;           &n=
bsp;           &nb=
sp;           &nbs=
p;          =
CONTACT:    Susan Wheeler (202) =
224-5150</span></font></p>

<p class=3DMsoNormal =
style=3D'margin-left:4.0in;text-indent:-4.0in'><font size=3D3
face=3DArial><span style=3D'font-size:12.0pt;font-family:Arial'>May 23, =
2008           &nb=
sp;           &nbs=
p;           &nbsp=
;            =
            &=
nbsp;           &n=
bsp;           &nb=
sp;           &nbs=
p;           =
           
Lindsay Nothern (208) 344-1108</span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><b><font =
size=3D5
face=3DArial><span =
style=3D'font-size:18.0pt;font-family:Arial;font-weight:bold'>VETERANS
EARN TAX RELIEF FOR HOMES, RETIREMENT </span></font></b></p>

<h1><b><i><font size=3D4 face=3DArial><span =
style=3D'font-size:14.0pt'>Crapo, Senate
approve new tax changes for military, families, =
employers</span></font></i></b></h1>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'>Washington, DC - Idaho Senator Mike Crapo joined with =
the
full Senate to approve new tax relief for members of the U.S. military, =
their
families and their employers.  The Heroes Earnings Assistance and =
Relief
Act (HEART) was approved by unanimous consent and is expected to be =
signed into
law by the President.  The U.S. House of Representatives has =
already
approved the measure.  Crapo co-sponsored the Senate version of the
bill.  </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'>“This legislation will make it easier for =
members of
the military to purchase a home and save for retirement,” noted =
Crapo, a
member of the Senate Finance Committee which earlier approved a similar =
tax
relief package.  “The legislation will also make it easier =
for
employers of veterans to keep their jobs open if the individual is =
called back
to active duty.”</span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'>The HEART Act provides for several tax credits and
incentives for both active duty military and their families.  Among =
the
benefits are a refundable federal income tax credit that assists =
lower-income
families, language clarifying that all active duty personnel are =
eligible for
economic stimulus payments, the ability to withdraw retirement funds =
tax-free
for a two-year period and a permanent allowance for all veterans to use
qualified mortgage bonds to purchase their homes.</span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'> </span></font></p>

<p class=3DMsoNormal><a name=3D"OLE_LINK1"><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'> </span></font></a></p>=


<p class=3DMsoNormal><font size=3D3 face=3DArial><span =
style=3D'font-size:12.0pt;
font-family:Arial'>To directly link to this news release, please use the
following address: </span></font></p>

<p class=3DMsoNormal><font size=3D3 color=3Dblue face=3DArial><span =
style=3D'font-size:
12.0pt;font-family:Arial;color:blue'><a
href=3D"http://crapo.senate.gov/media/newsreleases/release_full.cfm?id=3D=
298355">http://crapo.senate.gov/media/newsreleases/release_full.cfm?id=3D=
298355</a></span></font></p>

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style=3D'font-size:12.0pt;
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font-family:Arial'> </span></font></p>

<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font =
size=3D3
face=3DArial><span style=3D'font-size:12.0pt;font-family:Arial'># # =
#</span></font></p>

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face=3DArial><span =
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size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'>............................=
..........................................</span></font></p>

<p><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black'>This is generated from an unattended =
mailbox. If
you have constituent comments or information you would like forwarded to
Senator Crapo, please do so at the Senator's website, <a
href=3D"http://crapo.senate.gov/" =
title=3D"http://crapo.senate.gov/">http://crapo.senate.gov</a>.
Comments sent to this e-mail address will not be responded =
to.</span></font></p>

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