To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax to encourage them to have their employees provide volunteer services that aid science, mathematics, and engineering education in grades K-12.
Technology Education Incentive Act of 2003 - Amends the Internal Revenue Code to establish a volunteer education services credit for qualified employee services. Defines such services as any service furnished by an employee of the taxpayer if: (1) the services are performed at a qualified K-12 school; (2) the services are related to science, mathematics, or engineering education at grades K-12 at a qualified K-12 school; (3) the employee receives no additional compensation for performing such services and the employer receives no compensation for such services; and (4) the services are determined by the qualified K-12 school to be valuable to the school in providing education in grades K-12 in the areas of science, mathematics, or engineering.
Requires a study concerning such credit.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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