I
110th CONGRESS
1st Session
H. R. 3983
IN THE HOUSE OF REPRESENTATIVES
October 29, 2007
Mr. Altmire 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 make permanent certain tax benefits relating to elementary and secondary schools.
Short title
This Act may be cited as the
The Classroom Readiness Tax Relief Act of
2007
.
Above-the-line deduction for certain expenses of elementary and secondary school teachers made permanent
In general
Subparagraph (D) of
section 62(a)(2) (relating to certain trade and business deductions of
employees) is amended by striking In the case of taxable years beginning
during 2002, 2003, 2004, 2005, 2006, or 2007, the deductions
and
inserting The deductions
.
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2007.
Enhanced deduction for qualified computer contributions to elementary and secondary schools made permanent
In general
Clause (i) of section 170(e)(6)(B) of the Internal Revenue Code of 1986 is amended to read as follows:
the contribution is to an educational organization described in subsection (b)(1)(A)(ii) which provides elementary education or secondary education (kindergarten through grade 12),
.
Paragraph (6) of section 170(e) of such Code (relating to special rule for contributions of computer technology and equipment for educational purposes) is amended—
by striking subparagraph (G), and
by striking subparagraph (C) and redesignating subparagraphs (D), (E), and (F) as subparagraphs (C), (D), and (E), respectively.
Effective date
The amendments made by this section shall apply to contributions made during taxable years beginning after December 31, 2007.