109 HR 4622 IH: Teachers for Tomorrow’s Careers Act of 2005 U.S. House of Representatives 2005-12-17 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 1st Session H. R. 4622 IN THE HOUSE OF REPRESENTATIVES December 17, 2005 Mr. Kennedy of Minnesota (for himself and Mr. Holt) 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 extend the deduction for qualified tuition and related expenses and to expand such deduction for certain science, technology, engineering, and math professionals who become certified teachers.

1.

Short title

This Act may be cited as the Teachers for Tomorrow’s Careers Act of 2005.

2.

Qualified tuition and related expenses

(a)

Extension

(1)

In general

Subsection (e) of section 222 of the Internal Revenue Code of 1986 (relating to termination) is amended by striking December 31, 2005 and inserting December 31, 2006. (2)

Limitations

Paragraph (2) of section 222(b) of such Code (relating to applicable dollar limit) is amended by striking subparagraphs (A) and (B), by redesignating subparagraph (C) as subparagraph (B), and by inserting before subparagraph (B) (as so redesignated) the following: (A)

2006

In the case of a taxable year beginning in 2006, the applicable dollar amount shall be equal to— (i)in the case of a taxpayer whose adjusted gross income for the taxable year does not exceed $65,000 ($130,000 in the case of a joint return), $4,000, (ii)in the case of a taxpayer not described in clause (i) whose adjusted gross income for the taxable year does not exceed $80,000 ($160,000 in the case of a joint return), $2,000, and (iii)in the case of any other taxpayer, zero.. (b)

Expansion for qualified science, technology, engineering, or math teachers and professionals

Subsection (d) of section 222 of such Code (relating to definitions and special rules) is amended by inserting at the end the following new paragraph: (7)

Qualified science, technology, engineering, or math teachers and professionals

(A)

In general

In the case of payments made with respect to a qualified science, technology, engineering, or math teacher or with respect to a qualified science, technology, engineering, or math professional— (i)

Dollar limitation not applicable

Subsection (b) shall not apply. (ii)

Certification expenses

Paragraph (1) shall apply by inserting at the end the following new sentences: With respect to a qualified science, technology, engineering, or math teacher, such expenses shall include all fees related to the initial certification of an individual as a teacher of science, technology, engineering, or math in the individual’s State licensing system. The deduction under subsection (a) with respect to certification expenses referred to in the preceding sentence shall be allowed, in the case of any such expense paid or incurred before or during the taxable year in which such individual meets the requirements of paragraph (7)(B)(i), for the taxable year in which such individual meets such requirements. (B)

Definitions

For purposes of this paragraph— (i)

Qualified science, technology, engineering, or math teacher

With respect to a taxable year, the term qualified science, technology, engineering, or math teacher means an individual who— (I)has a bachelor’s degree or other advanced degree in a field related to science, technology, engineering, or math, (II)was employed as a non-teaching professional in a field related to science, technology, engineering, or math for not less than 3 taxable years during the 10-taxable-year period ending with the taxable year, (III)is certified as a teacher of science, technology, engineering, or math in the individual’s State licensing system for the first time during such taxable year, and (IV)is employed at least part-time as a teacher of science, technology, engineering, or math in an elementary or secondary school during such taxable year. (ii)

Qualified science, technology, engineering, or math professional

With respect to a taxable year, the term qualified science, technology, engineering, or math professional means an individual who— (I)has a bachelor’s degree or other advanced degree in a field related to science, technology, engineering, or math, (II)was employed as a non-teaching professional in a field related to science, technology, engineering, or math for not less than 3 taxable years during the 10-taxable-year period ending with the taxable year, and (III)has paid or incurred fees during the taxable year with respect to the enrollment or attendance of such individual in courses of instruction required for the initial certification of such individual as a teacher of science, technology, engineering, or math in the individual’s State licensing system. . (c)

Effective date

The amendments made by this section shall apply to payments made in taxable years ending after the date of the enactment of this Act.