It would allow those who finish their service to go to college on the G.I. Bill to get a State income tax credit for tuition and student loan interest on active duty or National Guard duty.
The two legislative committees have agreed on the legislation and the bill is awaiting action by both houses of Congress.Ī spokesman for one committee said the bill would be voted out of committee by the full House as early as Friday afternoon, followed by passage by the Senate on Tuesday.Expertise It would also enable military personnel to receive a 20 percent federal credit on their federal income tax for the first $10,000 of child-care expenses, for which they would be eligible for reimbursement.
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