[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4072 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 4072

 To amend the Internal Revenue Code of 1986 to extend certain expiring 
                  provisions, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 5, 2007

  Mr. Barrow 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, 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. CERTAIN EXPENSES OF ELEMENTARY AND SECONDARY SCHOOL 
              TEACHERS.

    (a) Increase in Deductible Amount.--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 ``$250'' and inserting ``$500''.
    (b) Extension.--Subparagraph (D) of section 62(a)(2) of such Code 
is amended by striking ``during 2002, 2003, 2004, 2005, 2006, or 2007'' 
and inserting ``after December 31, 2001, and before January 1, 2010''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2007.

SEC. 2. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.

    (a) In General.--Subsection (h) of section 198 of the Internal 
Revenue Code of 1986 (relating to termination) is amended by striking 
``December 31, 2007'' and inserting ``December 31, 2009''.
    (b) Effective Date.--The amendment made by this section shall apply 
to expenditures paid or incurred after December 31, 2007.

SEC. 3. ENERGY EFFICIENT APPLIANCE CREDIT.

    (a) In General.--Paragraph (1) of section 45M(b) of the Internal 
Revenue Code of 1986 (relating to applicable amount) is amended by 
striking ``or 2007'' each place it appears and inserting ``, 2007, 
2008, or 2009''.
    (b) Effective Date.--The amendments made by this section shall 
apply to appliances produced after December 31, 2007.
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