[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3889 Introduced in House (IH)]

  2d Session
                                H. R. 3889

To amend the Internal Revenue Code of 1986 to provide a tax credit for 
    teachers and principals who work in certain low income schools.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 6, 2002

 Mrs. Wilson of New Mexico (for herself and Mr. Weller) 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 tax credit for 
    teachers and principals who work in certain low income schools.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Teacher Tax Credit Act of 2002''.

SEC. 2. CREDIT FOR EDUCATORS IN CERTAIN ELEMENTARY OR SECONDARY 
              SCHOOLS.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to nonrefundable 
personal credits) is amended by inserting after section 25B the 
following new section:

``SEC. 25C. EDUCATORS IN CERTAIN ELEMENTARY AND SECONDARY SCHOOLS.

    ``(a) Allowance of Credit.--In the case of an eligible educator, 
there shall be allowed as a credit against the tax imposed by this 
chapter for a taxable year an amount equal to $2,000.
    ``(b) Definitions.--For purposes of this section--
            ``(1) Eligible educator.--The term `eligible educator' 
        means an individual who--
                            ``(i) is a teacher, assistant teacher, 
                        principal, or assistant principal in an 
                        eligible elementary or secondary school, and
                            ``(ii) is employed on a full-time basis at 
                        such school for at least 6 months during the 
                        taxable year.
            ``(2) Eligible Elementary or secondary school.--The term 
        `eligible elementary or secondary school' means any school that 
        is the beneficiary of assistance under part A of title I of the 
        Elementary and Secondary Education Act of 1965 (as amended by 
        the No Child Left Behind Act of 2001 (Public Law 107-110)).''.
    (b) Clerical Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 25B the following new 
item:

                              ``Sec. 25C. Educators in certain 
                                        elementary and secondary 
                                        schools.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2002.
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