110 HR 7100 IH: DTV Coupon Assistance Act of U.S. House of Representatives 2008-09-25 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 2d Session H. R. 7100 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.

1.

Short title

This Act may be cited as the DTV Coupon Assistance Act of 2008.

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.