[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 2062 Introduced in Senate (IS)]








109th CONGRESS
  1st Session
                                S. 2062

  To amend the Internal Revenue Code of 1986 to provide that certain 
    deductions of school bus owner-operators shall be allowable in 
                    computing adjusted gross income.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 18, 2005

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

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide that certain 
    deductions of school bus owner-operators shall be allowable in 
                    computing adjusted gross income.

    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 ``School Bus Driver Tax Fairness Act 
of 2005''.

SEC. 2. DEDUCTIONS OF SCHOOL BUS OWNER-OPERATORS ALLOWABLE IN COMPUTING 
              ADJUSTED GROSS INCOME.

    (a) In General.--Paragraph (2) of section 62(a) of the Internal 
Revenue Code of 1986 (relating to certain trade and business deductions 
of employees) is amended by adding at the end the following new 
subparagraph:
                    ``(F) Certain expenses of school bus owner-
                operators.--The deductions allowed by part VI (section 
                161 and following) which consist of expenses paid or 
                incurred by the taxpayer in connection with the 
                performance by the taxpayer of services as an employee 
                while driving a school bus (as defined in section 
                4221(d)(7)(C)) owned by the employee.''
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2005.
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