[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7100 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 7100

  To allow a refundable credit against Federal income tax for expired 
                digital-to-analog converter box coupons.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 25, 2008

 Mr. McCotter introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To allow a refundable credit against Federal income tax for expired 
                digital-to-analog converter box coupons.

    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 ``DTV Coupon Assistance Act of 2008''.

SEC. 2. REFUNDABLE TAX CREDIT FOR EXPIRED DIGITAL-TO-ANALOG CONVERTER 
              BOX COUPONS.

    (a) Allowance of Credit.--
            (1) In general.--In the case of an individual, there shall 
        be allowed as a credit against the tax imposed by chapter 1 of 
        the Internal Revenue Code of 1986 an amount equal to $40 for 
        each expired digital-to-analog converter box coupon of the 
        taxpayer.
            (2) Year credit allowed.--The credit under paragraph (1) 
        shall be allowed for the taxable year which includes the date 
        such coupon expired.
    (b) Limitation.--The credit allowed under subsection (a) shall not 
exceed $80.
    (c) Digital-to-Analog Converter Box Coupon.--For purposes of this 
section--
            (1) In general.--The term ``digital-to-analog converter box 
        coupon'' means a coupon (or similar method of payment 
        assistance) issued under section 3005 of the Digital Television 
        Transition and Public Safety Act of 2005 (Public Law 109-171).
            (2) Expired.--A digital-to-analog-converter box coupon 
        shall be treated as expired only if such coupon is not applied 
        toward the purchase of an digital-to-analog converter box, and 
        such coupon expires, on or before February 17, 2009.
            (3) Digital-to-analog converter box.--The term digital-to-
        analog converter box has the meaning given such term under 
        section 3005(d) of such Act.
    (d)  Credit Refundable.--For purposes of the Internal Revenue Code 
of 1986, the credit allowed under subsection (a) shall be treated as 
allowed under subpart C of part IV of subchapter A of chapter 1 of the 
Internal Revenue Code of 1986.
    (e) Regulations.--The Secretary of the Treasury, in consultation 
with the Assistant Secretary for Communications and Information of the 
Department of Commerce, shall prescribe such regulations and other 
guidance as may be necessary or appropriate to carry out the purposes 
of this section and to prevent allowance of a credit with respect to 
any coupon which has not expired, which has been applied toward the 
purchase of a digital-to-analog converter box, or which was not issued 
to the taxpayer.
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