Military Guard and Reserve Fairness Act of 2000

[AI summary unavailable — showing source text] Military Guard and Reserve Fairness Act of 2000 - Title I: Tax Benefits for Reserves of the Armed Forces - Amends the Internal Revenue Code to exclude from gross income pay of certain enlisted and commissioned reservists on active duty overseas contingency operations. (Sec. 102) Provides a business-related tax credit ($30,000 annual maximum) for qualifying employee reserve forces participation, equaling the sum of: (1) the employment credit of all qualified employees of the taxpayer; and (2) the self-employment credit of a qualified self-employed taxpayer. (Sec. 103) Deems the expenses of a reserve component member as away from home in pursuit of a trade or business during any time that such person is away from home on reserve service. Allows such expense for itemizers and non-itemizers. Exempts reserve member expenses from entertainment expense disallowance and partial meal and entertainment limitation. Title II: Additional Benefits for Reserves of the Armed Forces - Reserve Components Equity Act of 2000 - Amends Federal law to authorize armed forces reserve and National Guard personnel traveling to perform annual training duty outside the continental United States to travel on a …