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HR 1949 IH
111th CONGRESS
1st Session
H. R. 1949
To amend the Internal Revenue Code of 1986 to provide a tax credit for elementary and secondary school teachers.
IN THE HOUSE OF REPRESENTATIVES
April 2, 2009
Mr. PAUL (for himself and Mr. MILLER of Florida) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to provide a tax credit for elementary and secondary school teachers.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. CREDIT FOR TEACHERS OF ELEMENTARY OR SECONDARY SCHOOLS.
(a) In General- Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to nonrefundable personal credits) is amended by inserting after section 25D the following new section:
‘SEC. 25E. ELEMENTARY AND SECONDARY SCHOOL TEACHERS.
‘(a) Allowance of Credit- In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to $3,000.
‘(b) Definitions-
‘(1) ELIGIBLE INDIVIDUAL-
‘(A) IN GENERAL- Except as provided in subparagraph (B), for purposes of subsection (a), the term ‘eligible individual’ means an individual who--
‘(i) is a teacher in an elementary or secondary school, and
‘(ii) is employed on a full-time basis for an academic year ending during the taxable year.
‘(B) EXCLUDED INDIVIDUALS- Such term does not include an individual who is employed, on a full-time basis for such academic year, as other staff (as defined in section 9101(29) of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7801(29))).
‘(2) ELEMENTARY OR SECONDARY SCHOOL- The term ‘elementary or secondary school’ means any organization described in section 170(b)(1)(A)(ii) which provides education solely at or below the 12th grade.
‘(c) Cost-of-Living Adjustment-
‘(1) IN GENERAL- In the case of any taxable year beginning in a calendar year after 2009, the $3,000 amount contained in subsection (a) shall be increased by--
‘(A) such amount, multiplied by
‘(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting ‘calendar year 2008’ for ‘calendar year 1992’ in subparagraph (B) thereof.
‘(2) ROUNDING- If any increase determined under paragraph (1) is not a multiple of $10, such increase shall be rounded to the next highest multiple of $10.
‘(d) Regulations- The Secretary shall prescribe regulations to carry out this section, including regulations providing for claiming the credit under this section on Form 1040EZ.’.
(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 after the item relating to section 25D the following new item:
(c) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2008.
U.S. Congress - Text of H.R.1949 as Introduced in House Teacher Tax Cut Act of 2009
