110 HR 3630 IH: Enhancing Education through Tax Relief U.S. House of Representatives 2007-09-20 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 110th CONGRESS 1st Session H. R. 3630 IN THE HOUSE OF REPRESENTATIVES September 20, 2007 Mr. Space 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 certain expiring provisions relating to education.

1.

Short title

This Act may be cited as the Enhancing Education through Tax Relief Act of 2007.

2.

Extension of deduction for certain expenses of elementary and secondary school teachers

(a)

In general

Subparagraph (D) of section 62(a)(2) of the Internal Revenue Code of 1986 (relating to certain expenses of elementary and secondary school teachers) is amended by striking during 2002, 2003, 2004, 2005, 2006, or 2007 and inserting before 2012. (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2007.

3.

Enhanced charitable deduction for contributions of book inventory to public schools

(a)

In general

Clause (iv) of section 170(e)(3)(D) of the Internal Revenue Code of 1986 (relating to termination) is amended by striking December 31, 2007 and inserting December 31, 2011. (b)

Effective date

The amendment made by this section shall apply to contributions made after December 31, 2007.

4.

Enhanced deduction for qualified computer contributions

(a)

In general

Subparagraph (G) of section 170(e)(6) of the Internal Revenue Code of 1986 (relating to termination) is amended by striking December 31, 2007 and inserting December 31, 2011. (b)

Effective date

The amendment made by this section shall apply to contributions made during taxable years beginning after December 31, 2007.

5.

Credit to holders of qualified zone academy bonds

(a)

In general

Subsection (e) of section 1397E of the Internal Revenue Code of 1986 (relating to limitation on amount of bonds designated) is amended by striking 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, and 2007 and inserting each of calendar years 1998 through 2011. (b)

Effective date

The amendment made by this section shall apply to obligations issued after December 31, 2007.

6.

Deduction of qualified tuition and related expenses

(a)

In general

Subsection (e) of section 222 of the Internal Revenue Code of 1986 (relating to termination) is amended by striking December 31, 2007 and inserting December 31, 2011. (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2007.