110 HR 3983 IH: The Classroom Readiness Tax Relief Act of U.S. House of Representatives 2007-10-29 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. 3983 IN THE HOUSE OF REPRESENTATIVES October 29, 2007 Mr. Altmire 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 make permanent certain tax benefits relating to elementary and secondary schools.

1.

Short title

This Act may be cited as the The Classroom Readiness Tax Relief Act of 2007.

2.

Above-the-line deduction for certain expenses of elementary and secondary school teachers made permanent

(a)

In general

Subparagraph (D) of section 62(a)(2) (relating to certain trade and business deductions of employees) is amended by striking In the case of taxable years beginning during 2002, 2003, 2004, 2005, 2006, or 2007, the deductions and inserting The deductions. (b)

Effective date

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

3.

Enhanced deduction for qualified computer contributions to elementary and secondary schools made permanent

(a)

In general

(1)Clause (i) of section 170(e)(6)(B) of the Internal Revenue Code of 1986 is amended to read as follows: (i)the contribution is to an educational organization described in subsection (b)(1)(A)(ii) which provides elementary education or secondary education (kindergarten through grade 12), . (2)Paragraph (6) of section 170(e) of such Code (relating to special rule for contributions of computer technology and equipment for educational purposes) is amended— (A)by striking subparagraph (G), and (B)by striking subparagraph (C) and redesignating subparagraphs (D), (E), and (F) as subparagraphs (C), (D), and (E), respectively. (b)

Effective date

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