A bill to amend the Internal Revenue Code of 1986 to provide a refundable credit against income tax to certain elementary and secondary school teachers who receive advanced certification and to exclude from gross income certain amounts received by such teachers.

Amends the Internal Revenue Code to: (1) allow a tax credit of $5,000 for a pre-kindergarten or early childhood educator or kindergarten through grade 12 teacher, instructor, counselor, aide, or principal in an elementary or secondary school on a full-time basis; and (2) exclude from gross income the value of anything received solely by reason of the successful completion of advanced certification requirements provided by the National Board for Professional Teaching Standards.