H.R. 308 aims to change the Internal Revenue Code to offer tax benefits for rental housing catering to members of the U.S. Armed Forces. The bill proposes that a military member's basic housing allowance should not be considered when calculating income for specific housing...
Simple Explanation
H.R. 308 is a plan to give tax help to people who build and rent out homes to soldiers, so they can find cheaper places to live. It says a soldier's housing money from the military shouldn't count when deciding if they can get these special tax benefits.