Teacher Tax Relief Act of 2014

Bill: 113-hr-5504
Sponsor: full_name: Rep. Reichert, David G. [R-WA-8]
Introduced: 2014-09-17
Policy area: Taxation
Subjects: Elementary and secondary education

Higher education

Income tax deductions

Inflation and prices

Teaching, teachers, curricula
Latest action: action_date: 2014-09-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-09-17
action_desc: Introduced in House
text: <p>Teacher Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the tax deduction for the expenses of elementary and secondary school teachers, to: (1) allow an inflation adjustment to the amount of such deduction for taxable years beginning after 2013, (2) allow the deduction of professional development expenses, and (3) make such deduction permanent. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5504 IN THE HOUSE OF REPRESENTATIVES September 17, 2014 Mr. Reichert (for himself, Mr. McDermott , Mr. Schock , Mr. Kind , Mr. Tiberi , and Mr. Pascrell ) 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 Teacher Tax Relief Act of 2014 . 2. Deduction for certain expenses of school teachers (a) Deduction made permanent Subparagraph (D) of section 62(a)(2) of such Code is amended by striking In the case of taxable years beginning during 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, or 2013, the deductions and inserting The deductions . (b) Inflation adjustment Subsection (d) of section 62 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 2013, 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 2012 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 Subparagraph (D) of section 62(a)(2) 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 Subparagraph (A) of section 62(d)(1) 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, 2013. (2) Technical amendment The amendment made by subsection (d) shall apply to taxable years beginning after December 31, 2001.