Bill would give spouses tax credit for cost of transferring career licenses

Apr. 18, 2013 - 05:02PM
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A bi-partisan group of legislators has introduced a bill to give tax credits to military spouses for the costs of renewing or transferring a professional license due to a military change of station move.

The proposal, called the Military Spouses Job Continuity Act, was introduced Thursday in both the House and the Senate, and would amend the tax laws to provide a tax credit of up to $500 when a military family moves across state lines.

It would be designed to help ease the financial burden for families when the spouse has to re-start his or her career after a PCS move.

The tax credit would be equal to the qualified relicensing costs of the spouse,suit brought by John S. Kennedy and others, trustees under a mortgage given by the St. Paul and Pacific Railroad Company to secure fifteen millions of dollars of bonds issued by a subsidiary *434 corporation called the First Division of the St. Paul and Pacific Railroad Company, which had a contract to build the railroad, and a lease of the road for ninety-nine years. Amongst the assets supposed by the receiver to be subject to this mortgage was certain railroad iron, which had been purchased in England with the money raised by the sale of the bonds, to wit, 1,700 tons lying at Glyndon, on the line of the road, and 1,000 tons at Duluth, claimed by De Graff & Co., and 1,860 tons at Duluth, claimed by