S. 1060Senate109th Congress (2005-2007)In Committee

Hearing Aid Assistance Tax Credit Act

Introduced May 18, 2005

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5439)

May 18, 2005

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SenateIntro Referral

Introduced in Senate

May 18, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S5438-5439)

May 18, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5439)

May 18, 2005

Floor Debate

6 members

What members said about S. 1060 on the floor

3 Republicans3 Democrats
Tom Harkin
Sen. Tom HarkinD-IA · May 18, 2005

Mr. President, for more than a decade, I have spoken out about the need to fundamentally reorient our approach to health care in America--to reorient it towards prevention, wellness and self care. I…

George V. Voinovich
Sen. George V. VoinovichR-OH · May 18, 2005

Mr. President, I rise today to introduce the Economic Development Act of 2005 to authorize States to provide tax incentives for economic development purposes. This legislation is crucial to preserve…

John Thune
Sen. John ThuneR-SD · May 18, 2005

Mr. President, today I rise with my distinguished colleague from New York, Senator Clinton, to introduce legislation that will provide a surviving spouse with two years of child care eligibility on…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · May 18, 2005

Mr. President, the month of May is Stroke Awareness Month, and it is a privilege to join Senators Cochran, Warner, Cantwell, Collins, and Dayton in introducing the Stroke Treatment and Ongoing…

Norm Coleman
Sen. Norm ColemanR-MN · May 18, 2005

Mr. President, today I am introducing legislation to help millions of Americans enjoy the gift of sound. I am pleased to be joined by Senators Gordon Smith, Olympia J. Snowe, Mark Dayton, and Tom…

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Norm Coleman
Sen. Norm ColemanR-MN · May 18, 2005

Mr. President, today I am introducing legislation to help millions of Americans enjoy the gift of sound. I am pleased to be joined by Senators Gordon Smith, Olympia J. Snowe, Mark Dayton, and Tom…

Bill Nelson
Sen. Bill NelsonD-FL · May 18, 2005

Mr. President, I rise today with my colleagues, Senators Burns and Clinton, to introduce the ``IP-Enabled Voice Communications and Public Safety Act of 2005'' and ask unanimous consent that the text…

Bill Text

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Introduced in SenateIssued May 18, 2005

II

109th CONGRESS

1st Session

S. 1060

IN THE SENATE OF THE UNITED STATES

May 18, 2005

Mr. Coleman (for himself, Mr. Smith, Ms. Snowe, Mr. Dayton, and Mr. Harkin) 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 for the purchase of hearing aids.

1.

Short title

This Act may be cited as the Hearing Aid Assistance Tax Credit Act.

2.

Credit for hearing aids for seniors and dependents

(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 25B the following new section:

25C.

Credit for hearing aids

(a)

Allowance of credit

In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter an amount equal to the amount paid during the taxable year, not compensated by insurance or otherwise, by the taxpayer for the purchase of any qualified hearing aid.

(b)

Maximum amount

The amount allowed as a credit under subsection (a) shall not exceed $500 per qualified hearing aid.

(c)

Qualified hearing aid

For purposes of this section, the term qualified hearing aid means a hearing aid—

(1)

which is described in section 874.3300 of title 21, Code of Federal Regulations, and is authorized under the Federal Food, Drug, and Cosmetic Act for commercial distribution, and

(2)

which is intended for use—

(A)

by the taxpayer, but only if the taxpayer (or the spouse intending to use the hearing aid, in the case of a joint return) is age 55 or older, or

(B)

by an individual with respect to whom the taxpayer, for the taxable year, is allowed a deduction under section 151(c) (relating to deduction for personal exemptions for dependents).

(d)

Election once every 5 years

This section shall apply to any individual for any taxable year only if such individual elects (at such time and in such manner as the Secretary may by regulations prescribe) to have this section apply for such taxable year. An election to have this section apply may not be made for any taxable year if such election is in effect with respect to such individual for any of the 4 taxable years preceding such taxable year.

(e)

Denial of double benefit

No credit shall be allowed under subsection (a) for any expense for which a deduction or credit is allowed under any other provision of this chapter.

.

(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 25B the following new item:

Sec. 25C. Credit for hearing aids.

.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2004.