A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax to elementary and secondary school teachers who provide classroom materials.

Amends the Internal Revenue Code to allow, in the case of an individual who is a teacher at an elementary or secondary school on a full-time basis, a tax credit (of up to $100) equal to the sum of the qualified elementary and secondary education expenses which are paid or incurred by the taxpayer during each taxable year. Defines such expenses.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2012 Introduced in Senate (IS)]







106th CONGRESS
  2d Session
                                S. 2012

 To amend the Internal Revenue Code of 1986 to allow a credit against 
  income tax to elementary and secondary school teachers who provide 
                          classroom materials.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 27, 2000

    Mr. Kyl introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to allow a credit against 
  income tax to elementary and secondary school teachers who provide 
                          classroom materials.

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

SECTION 1. CREDIT TO ELEMENTARY AND SECONDARY SCHOOL TEACHERS WHO 
              PROVIDE CLASSROOM MATERIALS.

    (a) In General.--Subpart B of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 30B. CREDIT TO ELEMENTARY AND SECONDARY SCHOOL TEACHERS WHO 
              PROVIDE CLASSROOM MATERIALS.

    ``(a) Allowance of Credit.--In the case of an individual who is a 
teacher at an elementary or secondary school on a full-time basis for 
an academic year ending during a taxable year, there shall be allowed 
as a credit against the tax imposed by this chapter for such taxable 
year an amount equal to the sum of the qualified elementary and 
secondary education expenses which are paid or incurred by the taxpayer 
during each taxable year.
    ``(b) Maximum Credit.--The credit allowed by subsection (a) for any 
taxable year shall not exceed $100.
    ``(c) Qualified Elementary and Secondary Education Expenses.--For 
purposes of this section, the term `qualified elementary and secondary 
education expenses' means amounts paid for books, supplies (other than 
nonathletic supplies for courses of instruction in health or physical 
education), computer equipment (including related software and 
services) and other equipment, and supplementary materials used by an 
individual described in subsection (a) in the classroom.
    ``(d) Elementary or Secondary School.--For purposes of this 
section, the term `elementary or secondary school' means any school 
which provides elementary education or secondary education (through 
grade 12), as determined under State law.
    ``(e) Special Rules.--
            ``(1) Denial of double benefit.--No deduction shall be 
        allowed under this chapter for any contribution for which 
        credit is allowed under this section.
            ``(2) Application with other credits.--The credit allowable 
        under subsection (a) for any taxable year shall not exceed the 
        excess (if any) of--
                    ``(A) the regular tax for the taxable year, reduced 
                by the sum of the credits allowable under subpart A and 
                the preceding sections of this subpart, over
                    ``(B) the tentative minimum tax for the taxable 
                year.
    ``(f) Election To Have Credit Not Apply.--A taxpayer may elect to 
have this section not apply for any taxable year.''
    (b) Clerical Amendment.--The table of sections for subpart B of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

                              ``Sec. 30B. Credit to elementary and 
                                        secondary school teachers who 
                                        provide classroom materials.''
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1999.
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