H. R. 508
IN THE HOUSE OF REPRESENTATIVES
January 14, 2009
Mr. Braley of Iowa introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To allow a refundable credit against Federal income tax for the purchase of digital-to-analog converter boxes for taxpayers who did not use coupons.
This Act may be cited as the
DTV Converter Box Rebate Act of
Refundable tax credit for the purchase of digital-to-analog converter boxes
Allowance of credit
In the case of an individual, there shall be allowed as a credit against the tax imposed by chapter 1 of the Internal Revenue Code of 1986 for the taxable year an amount equal to $40 for each digital-to-analog converter box purchased by the taxpayer during the taxable year.
The credit allowed under subsection (a) shall not exceed $80.
Reduction of credit amount for coupon redemption
The credit allowed under subsection (a) shall be reduced by $40 for each digital-to-analog converter box coupon redeemed by the taxpayer.
For purposes of this Act—
The term digital-to-analog converter box coupon means a coupon (or similar method of payment assistance) issued under section 3005 of the Digital Television Transition and Public Safety Act of 2005 (Public Law 109–171; 120 Stat. 23).
digital-to-analog converter box means a digital-to-analog
converter box described in section 3005(d) of such Act which was purchased by
the taxpayer after January 1, 2009, but before June 30, 2009.
For purposes of the Internal Revenue Code of 1986, the credit allowed under subsection (a) shall be treated as allowed under subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986.
The Secretary of the Treasury, in consultation with the Assistant Secretary for Communications and Information of the Department of Commerce, shall prescribe such regulations and other guidance as may be necessary or appropriate to carry out the purposes of this section and to prevent allowance of a credit with respect to any taxpayer who purchases a digital-to-analog converter box for which a digital-to-analog converter box coupon has been redeemed.
The Assistant Secretary for Communications and Information of the Department of Commerce shall take appropriate actions to educate consumers and retailers about the tax credit established under section 2 as an alternative to requesting and redeeming a digital-to-analog converter box coupon.