To amend the Internal Revenue Code of 1986 to extend the deduction for qualified tuition and related expenses and to expand such deduction for certain science, technology, engineering, and math professionals who become certified teachers.

Summary: Teachers for Tomorrow's Careers Act of 2005 - Amends the Internal Revenue Code to: (1) extend through 2006 the tax deduction for qualified tuition and related expenses; and (2) allow an unlimited deduction for the expenses of certified science, technology, engineering, or math teachers and professionals.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Teachers for Tomorrow's Careers Act 
of 2005''.

SEC. 2. QUALIFIED TUITION AND RELATED EXPENSES.

    (a) Extension.--
            (1) In general.--Subsection (e) of section 222 of the 
        Internal Revenue Code of 1986 (relating to termination) is 
        amended by striking ``December 31, 2005'' and inserting 
        ``December 31, 2006''.
            (2) Limitations.--Paragraph (2) of section 222(b) of such 
        Code (relating to applicable dollar limit) is amended by 
        striking subparagraphs (A) and (B), by redesignating 
        subparagraph (C) as subparagraph (B), and by inserting before 
        subparagraph (B) (as so redesignated) the following:
                    ``(A) 2006.--In the case of a taxable year 
                beginning in 2006, the applicable dollar amount shall 
                be equal to--
                            ``(i) in the case of a taxpayer whose 
                        adjusted gross income for the taxable year does 
                        not exceed $65,000 ($130,000 in the case of a 
                        joint return), $4,000,
                            ``(ii) in the case of a taxpayer not 
                        described in clause (i) whose adjusted gross 
                        income for the taxable year does not exceed 
                        $80,000 ($160,000 in the case of a joint 
                        return), $2,000, and
                            ``(iii) in the case of any other taxpayer, 
                        zero.''.
    (b) Expansion for Qualified Science, Technology, Engineering, or 
Math Teachers and Professionals.--Subsection (d) of section 222 of such 
Code (relating to definitions and special rules) is amended by 
inserting at the end the following new paragraph:
            ``(7) Qualified science, technology, engineering, or math 
        teachers and professionals.--
                    ``(A) In general.--In the case of payments made 
                with respect to a qualified science, technology, 
                engineering, or math teacher or with respect to a 
                qualified science, technology, engineering, or math 
                professional--
                            ``(i) Dollar limitation not applicable.--
                        Subsection (b) shall not apply.
                            ``(ii) Certification expenses.--Paragraph 
                        (1) shall apply by inserting at the end the 
                        following new sentences: `With respect to a 
                        qualified science, technology, engineering, or 
                        math teacher, such expenses shall include all 
                        fees related to the initial certification of an 
                        individual as a teacher of science, technology, 
                        engineering, or math in the individual's State 
                        licensing system. The deduction under 
                        subsection (a) with respect to certification 
                        expenses referred to in the preceding sentence 
                        shall be allowed, in the case of any such 
                        expense paid or incurred before or during the 
                        taxable year in which such individual meets the 
                        requirements of paragraph (7)(B)(i), for the 
                        taxable year in which such individual meets 
                        such requirements.'
                    ``(B) Definitions.--For purposes of this 
                paragraph--
                            ``(i) Qualified science, technology, 
                        engineering, or math teacher.--With respect to 
                        a taxable year, the term `qualified science, 
                        technology, engineering, or math teacher' means 
                        an individual who--
                                    ``(I) has a bachelor's degree or 
                                other advanced degree in a field 
                                related to science, technology, 
                                engineering, or math,
                                    ``(II) was employed as a non-
                                teaching professional in a field 
                                related to science, technology, 
                                engineering, or math for not less than 
                                3 taxable years during the 10-taxable-
                                year period ending with the taxable 
                                year,
                                    ``(III) is certified as a teacher 
                                of science, technology, engineering, or 
                                math in the individual's State 
                                licensing system for the first time 
                                during such taxable year, and
                                    ``(IV) is employed at least part-
                                time as a teacher of science, 
                                technology, engineering, or math in an 
                                elementary or secondary school during 
                                such taxable year.
                            ``(ii) Qualified science, technology, 
                        engineering, or math professional.--With 
                        respect to a taxable year, the term `qualified 
                        science, technology, engineering, or math 
                        professional' means an individual who--
                                    ``(I) has a bachelor's degree or 
                                other advanced degree in a field 
                                related to science, technology, 
                                engineering, or math,
                                    ``(II) was employed as a non-
                                teaching professional in a field 
                                related to science, technology, 
                                engineering, or math for not less than 
                                3 taxable years during the 10-taxable-
                                year period ending with the taxable 
                                year, and
                                    ``(III) has paid or incurred fees 
                                during the taxable year with respect to 
                                the enrollment or attendance of such 
                                individual in courses of instruction 
                                required for the initial certification 
                                of such individual as a teacher of 
                                science, technology, engineering, or 
                                math in the individual's State 
                                licensing system.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made in taxable years ending after the date of the 
enactment of this Act.