II
109th CONGRESS
1st Session
S. 2062
IN THE SENATE OF THE UNITED STATES
November 18, 2005
Mr. Vitter 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 provide that certain deductions of school bus owner-operators shall be allowable in computing adjusted gross income.
Short title
This Act may be cited as the School
Bus Driver Tax Fairness Act of 2005
.
Deductions of school bus owner-operators allowable in computing adjusted gross income
In General
Paragraph (2) of section 62(a) of the Internal Revenue Code of 1986 (relating to certain trade and business deductions of employees) is amended by adding at the end the following new subparagraph:
Certain expenses of school bus owner-operators
The deductions allowed by part VI (section 161 and following) which consist of expenses paid or incurred by the taxpayer in connection with the performance by the taxpayer of services as an employee while driving a school bus (as defined in section 4221(d)(7)(C)) owned by the employee.
Effective Date
The amendment made by this section shall apply to taxable years beginning after December 31, 2005.