[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2050 Introduced in Senate (IS)]







108th CONGRESS
  2d Session
                                S. 2050

      To repeal the sunset of the Economic Growth and Tax Relief 
  Reconciliation Act of 2001 with respect to the affordable education 
            provisions of such Act, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                            February 3, 2004

 Mr. Grassley introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
      To repeal the sunset of the Economic Growth and Tax Relief 
  Reconciliation Act of 2001 with respect to the affordable education 
            provisions of such Act, and for other purposes.

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

SECTION 1. REPEAL OF APPLICABILITY OF SUNSET OF THE ECONOMIC GROWTH AND 
              TAX RELIEF RECONCILIATION ACT OF 2001 WITH RESPECT TO 
              AFFORDABLE EDUCATION PROVISIONS OF SUCH ACT.

    Section 901 of the Economic Growth and Tax Relief Reconciliation 
Act of 2001 is amended by adding at the end the following new 
subsection:
    ``(c) Exception.--Subsection (a) shall not apply to the amendments 
made by subtitles A, B, and C of title IV (relating to affordable 
education provisions).''.

SEC. 2. PERMANENT DEDUCTION FOR CERTAIN EXPENSES OF SCHOOL TEACHERS.

    (a) In General.--Section 62(a)(2)(D) of the Internal Revenue Code 
of 1986 (relating to certain expenses of elementary and secondary 
school teachers) is amended by striking ``In the case of taxable years 
beginning during 2002 or 2003, the deductions'' and inserting ``The 
deductions''.
    (b) Effective Date.--The amendment made by this section shall apply 
to expenses paid or incurred after December 31, 2003.
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