[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1477 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1477

  To amend the Internal Revenue Code of 1986 to provide a refundable 
    credit to elementary and secondary school teachers for teaching 
                               expenses.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 4, 2001

Mr. Kind (for himself and Mr. McGovern) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide a refundable 
    credit to elementary and secondary school teachers for teaching 
                               expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REFUNDABLE CREDIT FOR TEACHING EXPENSES OF ELEMENTARY AND 
              SECONDARY SCHOOL TEACHERS.

    (a) In General.--Subpart C of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to refundable credits) 
is amended by redesignating section 35 as section 36 and by inserting 
after section 34 the following new section:

``SEC. 35. TEACHING EXPENSES OF ELEMENTARY AND SECONDARY SCHOOL 
              TEACHERS.

    ``(a) Allowance of Credit.--In the case of an eligible teacher, 
there shall be allowed as a credit against the tax imposed by this 
chapter for such taxable year an amount equal to the qualified teaching 
expenses which are paid or incurred by the taxpayer during such taxable 
year.
    ``(b) Maximum Credit.--The credit allowed by subsection (a) for any 
taxable year shall not exceed $500.
    ``(c) Definitions.--For purposes of this section:
            ``(1) Eligible teacher.--The term `eligible teacher' means 
        an individual who is a kindergarten through grade 12 classroom 
        teacher, instructor, counselor, aide, or principal in an 
        elementary or secondary school.
            ``(2) Eligible teaching expenses.--The term `eligible 
        teaching expenses' means expenses for books, supplies, and 
        equipment used by an eligible teacher for instructional 
        purposes.
            ``(3) Elementary or secondary school.--The term `elementary 
        or secondary school' means any elementary school or secondary 
        school, as those terms are defined in section 14101 of the 
        Elementary and Secondary Education Act of 1965.
    ``(d) Denial of Double Benefit.--No deduction shall be allowed 
under this chapter for any expense for which credit is allowed under 
this section.''.
    (b) Conforming Amendments.--
            (1) Paragraph (2) of section 1324(b) of title 31, United 
        States Code, is amended by inserting before the period ``, or 
        from section 35 of such Code''.
            (2) The table of sections for subpart C of part IV of 
        subchapter A of chapter 1 of such Code is amended by striking 
        the last item and inserting the following new items:

                              ``Sec. 35. Teaching expenses of 
                                        elementary and secondary school 
                                        teachers.
                              ``Sec. 36. Overpayments of tax.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2001.
                                 <all>