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H.R. 2940 (114th): Educator Tax Relief Act of 2015


The text of the bill below is as of Jun 25, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 2940

IN THE HOUSE OF REPRESENTATIVES

June 25, 2015

(for himself, Mr. McDermott, Mr. Dold, Mr. Pascrell, Mr. Rodney Davis of Illinois, and Mr. Valadao) 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 improve and make permanent the above-the-line deduction for certain expenses of elementary and secondary school teachers.

1.

Short title

This Act may be cited as the Educator Tax Relief Act of 2015.

2.

Deduction for certain expenses of school teachers

(a)

Deduction made permanent

Section 62(a)(2)(D) of the Internal Revenue Code of 1986 is amended by striking In the case of taxable years beginning during 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, or 2014, the deductions and inserting The deductions.

(b)

Inflation adjustment

Section 62(d) of such Code is amended by adding at the end the following new paragraph:

(3)

Inflation adjustment

In the case of any taxable year beginning after 2014, the $250 amount in subsection (a)(2)(D) shall be increased by an amount equal to—

(A)

such dollar amount, multiplied by

(B)

the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2013 for calendar year 1992 in subparagraph (B) thereof.

Any increase determined under the preceding sentence shall be rounded to the nearest multiple of $50.

.

(c)

Professional Development Expenses

Section 62(a)(2)(D) of such Code is amended—

(1)

by striking educator in connection and all that follows and inserting educator—, and

(2)

by inserting at the end the following:

(i)

by reason of the participation of the educator in professional development courses related to the curriculum in which the educator provides instruction or to the students for which the educator provides instruction, and

(ii)

in connection with books, supplies (other than nonathletic supplies for courses of instruction in health or physical education), computer equipment (including related software and services) and other equipment, and supplementary materials used by the eligible educator in the classroom.

.

(d)

Eligible Educator Technical Amendment

Section 62(d)(1)(A) of such Code is amended by inserting ending during the taxable year before the period.

(e)

Effective Date

(1)

In general

The amendments made by subsections (a), (b), and (c) shall apply to taxable years beginning after December 31, 2014.

(2)

Technical amendment

The amendment made by subsection (d) shall apply to taxable years beginning after December 31, 2001.