[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6702 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 6702

  To amend the Internal Revenue Code of 1986 to allow a nonrefundable 
      credit for elementary and secondary school supply expenses.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 11, 2023

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

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow a nonrefundable 
      credit for elementary and secondary school supply expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CREDIT FOR ELEMENTARY AND SECONDARY SCHOOL SUPPLY EXPENSES.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting before 
section 26 the following new section:

``SEC. 25F. ELEMENTARY AND SECONDARY SCHOOL SUPPLIES.

    ``(a) In General.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this chapter for the 
taxable year an amount equal to the eligible elementary and secondary 
school supply expenses paid or incurred by the taxpayer during the 
taxable year.
    ``(b) Limitations.--
            ``(1) Dollar limitation.--The credit allowed under 
        subsection (a) for the taxable year shall not exceed $200.
            ``(2) Income limitation.--
                    ``(A) In general.--The amount allowable as a credit 
                under subsection (a) for any taxable year shall be 
                reduced (but not below zero) by an amount which bears 
                the same ratio to the amount so allowable (determined 
                without regard to this paragraph but with regard to 
                paragraph (1)) as--
                            ``(i) the amount (if any) by which the 
                        taxpayer's modified adjusted gross income 
                        exceeds $150,000, bears to
                            ``(ii) $65,000.
                    ``(B) Modified adjusted gross income.--For purposes 
                of this paragraph, the term `modified adjusted gross 
                income' means the adjusted gross income of the taxpayer 
                for the taxable year increased by any amount excluded 
                from gross income under section 911, 931, or 933.
    ``(c) Eligible Elementary and Secondary School Supply Expenses.--
For purposes of this section, the term `eligible elementary and 
secondary school supply expenses' means expenses for books, supplies, 
and other equipment which are paid or incurred in the connection with 
the enrollment or attendance of a dependent of the taxpayer (with 
respect to whom the taxpayer is allowed a deduction under section 
151(c)) as an elementary or secondary school student at a public, 
private, or religious school.
    ``(d) Coordination With Coverdell Education Savings Accounts.--The 
taxpayer shall not take into account any eligible elementary and 
secondary school supply expenses under subsection (a) to the extent 
such expenses are taken into account as qualified education expenses 
under section 530(d)(2)(A).''.
    (b) Clerical Amendment.--The table of sections for subpart A of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting before the item relating to section 26 the following new 
item:

``Sec. 25F. Elementary and secondary school supplies.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2023.
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