S. 2272Senate109th Congress (2005-2007)In Committee

Youth Exchange Support Act of 2006

Introduced February 10, 2006

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 S1072)

February 10, 2006

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SenateIntro Referral

Introduced in Senate

February 10, 2006

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S1072)

February 10, 2006

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1072)

February 10, 2006

Floor Debate

3 members

What members said about S. 2272 on the floor

2 Republicans1 Democrat
Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Feb 10, 2006

Mr. President, I rise to introduce the Fairness in Judicial Salaries Act. This legislation is needed to prevent a continuing decline in the pay of our Federal judges and prevent damage to the quality…

Norm Coleman
Sen. Norm ColemanR-MN · Feb 10, 2006

Mr. President, I come to the floor today to introduce legislation with my colleague from South Dakota, Senator Johnson, that will help ease the financial burden for American families who open their…

Norm Coleman
Sen. Norm ColemanR-MN · Feb 10, 2006

Mr. President, I come to the floor today to introduce legislation with my colleague from South Dakota, Senator Johnson, that will help ease the financial burden for American families who open their…

Pete V. Domenici
Sen. Pete V. DomeniciR-NM · Feb 10, 2006

Mr. President, I rise today to introduce the Foreign Language Training Act of 2006, a bill that I believe is necessary for the success of our Department of Homeland Security personnel and other…

Bill Text

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Introduced in SenateIssued February 10, 2006

II

109th CONGRESS

2d Session

S. 2272

IN THE SENATE OF THE UNITED STATES

February 10 (legislative day, February 9), 2006

Mr. Coleman (for himself and Mr. Johnson) 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 increase the deduction for host families of foreign exchange and other students from $50 per month to $200 per month.

1.

Short title

This Act may be cited as the Youth Exchange Support Act of 2006.

2.

Increase in charitable deduction for amounts paid to maintain certain students as members of taxpayer’s household

(a)

In general

Subparagraph (A) of section 170(g)(2) of the Internal Revenue Code of 1986 (relating to amounts paid to maintain certain students as members of taxpayer’s household) is amended by striking $50 and inserting $200.

(b)

Adjustment for inflation

Section 170(g) of such Code is amended by adding at the end the following new paragraph:

(5)

Adjustment for inflation

(A)

In general

In the case of any taxable year beginning in a calendar year after 2006, the $200 amount contained in paragraph (2)(A) shall be increased by an amount equal to—

(i)

$200, multiplied by

(ii)

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 2005 for calendar year 1992 in subparagraph (B) thereof.

(B)

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.

.

(c)

Effective date

The amendments made by this Act shall apply to taxable years beginning after December 31, 2005.