S. 1055Senate112th Congress (2011-2013)In Committee

National STEM Education Tax Incentive for Teachers Act of 2011

Introduced May 24, 2011

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

May 24, 2011

View full timeline
SenateIntro Referral

Introduced in Senate

May 24, 2011

SenateIntro Referral

Read twice and referred to the Committee on Finance.

May 24, 2011

Floor Debate

7 members

What members said about S. 1055 on the floor

1 Republican6 Democrats
Eni F. H. Faleomavaega
Rep. Eni F. H. FaleomavaegaD-AS · Sep 21, 2011

Mr. Speaker, I want to thank the gentleman from Pennsylvania for allowing me to speak on this important resolution. On behalf of our chairwoman, Judy Chu, and our Asian Pacific Caucus, I rise today…

Gregg Harper
Rep. Gregg HarperR-MS-3 · Sep 21, 2011

Mr. Speaker, I move to suspend the rules and concur in the concurrent resolution (S. Con. Res. 28) authorizing the use of Emancipation Hall in the Capitol Visitor Center for an event to award the…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Sep 21, 2011

Mr. Speaker, I rise today in support of S. Con. Res. 28, the concurrent resolution authorizing the use of Emancipation Hall in the Capitol Visitor Center for an event to award the Congressional Gold…

Mazie K. Hirono
Rep. Mazie K. HironoD-HI-2 · Sep 21, 2011

Mr. Speaker, I rise today in support of S. Con. Res. 28, which will allow the use of Emancipation Hall in the U.S. Capitol for a Medal of Honor Ceremony. During World War II, many members of…

Robert A. Brady
Rep. Robert A. BradyD-PA-1 · Sep 21, 2011

Mr. Speaker, I yield myself such time as I may consume. On October 5, 2010, President Obama signed into law S. 1055, a bill granting the 100th Infantry Battalion, 442nd Regimental Combat Team, and…

Show 2 more
Jim McDermott
Rep. Jim McDermottD-WA-7 · Sep 21, 2011

Mr. Speaker, I rise as a very proud honorary member of the Nisei vets, the group that you are honoring today and in support of this resolution. Seattle was the site of a roundup of thousands of…

Grace F. Napolitano
Rep. Grace F. NapolitanoD-CA-38 · Sep 21, 2011

Mr. Speaker, I would like to add my support to President Obama's signing into law S. 1055 on October 5 of this last year, which grants the 100th Infantry Battalion, 442nd Regimental Combat Team, and…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued May 24, 2011

II

112th CONGRESS

1st Session

S. 1055

IN THE SENATE OF THE UNITED STATES

May 24, 2011

Mrs. Gillibrand 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 encourage teachers to pursue teaching science, technology, engineering, and mathematics subjects at elementary and secondary schools.

1.

Short title

This Act may be cited as the National STEM Education Tax Incentive for Teachers Act of 2011.

2.

Refundable credit for portion of tuition paid for undergraduate education of certain teachers

(a)

In General

Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36C the following new section:

36D.

Tuition for undergraduate education of certain teachers

(a)

In General

In the case of an individual who is an eligible teacher for the taxable year, there shall be allowed as a credit against the tax imposed by this subtitle an amount equal to 10 percent of qualified undergraduate tuition paid by such individual.

(b)

Limitations

(1)

Dollar amount

The credit allowed by this section for any taxable year shall not exceed $1,000.

(2)

Teachers in high-needs schools districts

In the case of one of the first 5 taxable years in which a teacher is an eligible teacher who teaches in an elementary school or a secondary school (as those terms are defined in section 9101 of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7801)) receiving funds under part A of title I of such Act (20 U.S.C. 6311 et seq.), subparagraph (A) shall be applied by substituting $1,500 for $1,000.

(3)

Credit allowed only for 10 years

No credit shall be allowed under this section for any taxable year after the 10th taxable year for which credit is allowed under this section.

(c)

Eligible Teacher

For purposes of this section—

(1)

In general

The term eligible teacher means, with respect to a taxable year, any individual—

(A)

who is a full-time teacher, including a full-time substitute teacher, in any of grades kindergarten through 12th grade for the academic year ending in such taxable year,

(B)
(i)

who teaches primarily mathematics, science, engineering, or technology courses in one or more of grades 9 through 12 during such academic year, or

(ii)

who teaches mathematics, science, engineering, or technology courses in one or more of grades kindergarten through 8 during such academic year,

(C)

who, in the case that such individual is a middle or secondary school teacher, received a baccalaureate or similar degree with a major in mathematics, science, engineering, or technology from an institution of higher education, and

(D)

who is highly qualified (as defined in section 9101(23) of the Elementary and Secondary Education Act of 1965).

(2)

Special rule for administrative personnel

School administrative functions shall be treated as teaching courses referred to in paragraph (1)(B) if such functions primarily relate to such courses or are for a school which focuses primarily on such courses.

(d)

Qualified Undergraduate Tuition

For purposes of this section, the term qualified undergraduate tuition means qualified higher education expenses (as defined in section 529(e)(3)) for enrollment or attendance at an institution of higher education, reduced as provided in section 25A(g)(2) and by any credit allowed by section 25A with respect to such expenses.

(e)

Institution of Higher Education

The term institution of higher education means an institution of higher education as defined in section 102 of the Higher Education Act of 1965 (20 U.S.C. 1002).

(f)

Regulations

The Secretary shall prescribe such regulations as may be appropriate to carry out the purposes of this section.

.

(b)

Conforming Amendments

(1)

Paragraph (2) of section 1324(b) of title 31, United States Code, is amended by inserting 36D, after 36C,.

(2)

The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 36C the following new item:

.

(c)

Effective Date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act; except that only periods of being an eligible teacher (as defined in section 36D(c) of the Internal Revenue Code of 1986, as added by this section) after such date shall be taken into account under section 36D(b)(3) of such Code, as so added.