Improving SCRA and USERRA Protections Act of 2008

Improving SCRA and USERRA Protections Act of 2008 - (Sec. 2) Requires (current law authorizes) the appropriate U.S. district court to use its equity powers in any case in which the court determines it is appropriate, including injunctive relief, to fully vindicate a veteran's employment or reemployment rights under the Uniformed Services Employment and Reemployment Rights Act (USERRA) with respect to a state or private employer.

(Sec. 3) Amends the Servicemembers Civil Relief Act (SCRA) to require an institution of higher education, when a servicemember is ordered to military service and withdraws or takes a leave of absence from such institution, to: (1) provide a credit or refund to the servicemember of tuition and fees paid for the portion of the program of education for which the servicemember did not receive academic credit after such withdrawal or leave; and (2) provide the servicemember an opportunity to reenroll with the same educational and academic status the servicemember had when activated for service.

Extends the current interest rate cap in SCRA to student loan obligations of members called to military service.

(Sec. 4) Allows servicemembers with deployment orders to terminate or suspend, without fee or penalty, service contracts for services such as phones, utilities, cable television, and Internet access. (Currently, such servicemembers are only permitted to terminate or suspend residential or automobile lease agreements.)

(Sec. 5) Provides penalties under SCRA against creditors for violations of interest rate limits for servicemembers.

(Sec. 6) Allows a military spouse to vote in the same location as the servicemember with respect to federal, state, and local elections.

(Sec. 7) Allows a military spouse to pay taxes in the same state as the servicemember.

(Sec. 8) Provides that compensation of a spouse of a servicemember shall not be considered income within a tax jurisdiction of the United States if, when the compensation is earned, the spouse is not a resident or domiciliary of that jurisdiction, and the jurisdiction is where the servicemember is serving in compliance with military orders.