TASK DEFINITION: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Diverse Teachers Recruitment Act of 
2010''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Department of Education statistics reveal a lack of 
        diversity among public schoolteachers. During the school year 
        of 2007 through 2008, an estimated 83.1 percent of public 
        schoolteachers were Caucasian, while 7.1 percent were Latino, 7 
        percent were African-American, and 1.2 percent were Asian. Of 
        all public schoolteachers, 24.1 percent were male and 75.9 
        percent were female.
            (2) Some experts believe the lack of diversity can leave 
        students in underrepresented groups without role models to whom 
        they can relate, which may lead to poorer performance in the 
        classroom. Statistics show that students in some 
        underrepresented groups have lower standardized test scores and 
        lower graduation rates.
            (3) Teacher demographics should better reflect those of the 
        population as a whole, ensuring that students have role models 
        from diverse backgrounds and racial and ethnic groups and of 
        different genders.

SEC. 3. RECRUITMENT, TRAINING, AND RETENTION OF TEACHERS FROM 
              UNDERREPRESENTED GROUPS.

    (a) In General.--Title II of the Elementary and Secondary Education 
Act of 1965 (20 U.S.C. 6601 et seq.) is amended by adding at the end 
the following new part:

    ``PART E--RECRUITMENT, TRAINING, AND RETENTION OF TEACHERS FROM 
                        UNDERREPRESENTED GROUPS

``SEC. 2501. GRANT PROGRAM.

    ``(a) Authorization.--From amounts appropriated under section 2505, 
the Secretary shall make grants on a competitive basis to eligible 
entities for recruiting, training, and retaining individuals from 
underrepresented groups as teachers at public elementary schools and 
secondary schools.
    ``(b) Eligibility.--The Secretary may only make a grant under 
subsection (a) to an eligible entity that--
            ``(1) serves schools that have difficulty recruiting, 
        training, and retaining individuals from underrepresented 
        groups as teachers; and
            ``(2) submits an application at such time, in such form, 
        and containing such information and assurances as the Secretary 
        may require, including--
                    ``(A) a description of how the activities the 
                eligible entity carries out with grant funds will 
                ensure the recruitment, training, and retention of a 
                significant number of individuals from underrepresented 
                groups; and
                    ``(B) a description of the difficulty recruiting, 
                training, and retaining individuals from 
                underrepresented groups experienced by the schools 
                served by the eligible entity.
    ``(c) Priority.--In making grants under subsection (a), the 
Secretary shall give priority to--
            ``(1) local educational agencies (or consortia of local 
        educational agencies) that serve the most high-need schools; 
        and
            ``(2) local educational agencies (or consortia of local 
        educational agencies) that serve schools with the highest 
        percentages of minority individuals in their student 
        populations.
    ``(d) Matching Funds.--
            ``(1) In general.--The Secretary may not make a grant to an 
        eligible entity under subsection (a) unless the eligible entity 
        agrees that, with respect to the costs to be incurred by the 
        eligible entity in carrying out the activities for which the 
        grant is awarded, the eligible entity will make available non-
        Federal contributions in an amount equal to not less than 10 
        percent of the Federal funds provided under the grant.
            ``(2) Satisfying matching requirement.--The non-Federal 
        contributions required under paragraph (1) may be--
                    ``(A) in cash or in-kind, including services, 
                fairly evaluated; and
                    ``(B) from--
                            ``(i) any private source; or
                            ``(ii) a State educational agency or local 
                        educational agency.
            ``(3) Waiver.--The Secretary may waive or reduce the non-
        Federal contribution required by paragraph (1) if the eligible 
        entity involved demonstrates that it cannot meet the 
        contribution requirement due to financial hardship.

``SEC. 2502. REPORTS TO SECRETARY.

    ``An eligible entity receiving a grant under section 2501(a) shall 
submit to the Secretary not later than 90 days after the end of each 
school year in which the entity receives grant funds a report that 
contains--
            ``(1) a description of the activities for which the entity 
        used grant funds during such school year;
            ``(2) data concerning, with respect to the schools served 
        by the entity--
                    ``(A) the number of individuals from 
                underrepresented groups that began teaching during such 
                school year;
                    ``(B) the retention rate of teachers who are 
                individuals from underrepresented groups;
                    ``(C) in the case of the report covering the last 
                school year in which the entity receives grant funds, 
                indicators of student academic achievement during such 
                school year as compared with previous school years, 
                disaggregated, if possible, by the achievement of--
                            ``(i) economically disadvantaged students;
                            ``(ii) students from major racial groups;
                            ``(iii) students with disabilities; and
                            ``(iv) students with limited English 
                        proficiency;
                    ``(D) student graduation rates for the school year 
                covered by the report as compared with previous school 
                years, if applicable in the case of the schools served 
                by the entity; and
                    ``(E) student attendance rates for the school year 
                covered by the report as compared with previous school 
                years; and
            ``(3) a description of and data regarding such 
        characteristics of the schools served by the entity, and the 
        students of such schools, as the Secretary considers 
        appropriate, including the number and percentage of students in 
        each of the groups listed in clauses (i) through (iv) of 
        paragraph (2)(C).

``SEC. 2503. BEST PRACTICES INFORMATION CLEARINGHOUSE.

    ``(a) In General.--The Secretary shall evaluate the success of the 
activities carried out by eligible entities using grant funds received 
under section 2501(a) and compile a database of best practices for 
recruiting, training, and retaining individuals from underrepresented 
groups as public elementary and secondary school teachers. The 
Secretary shall make such database available to eligible entities 
(regardless of whether such entities have received grants under such 
section) through an Internet Web site.
    ``(b) Funds Available.--Of the amounts appropriated to carry out 
this part for a fiscal year, the Secretary may use not more than 10 
percent to carry out this section during such fiscal year.

``SEC. 2504. DEFINITIONS.

    ``In this part, the following definitions apply:
            ``(1) Eligible entity.--The term `eligible entity' means--
                    ``(A) a local educational agency (or consortium of 
                local educational agencies); or
                    ``(B) an entity that--
                            ``(i) has entered into a partnership with a 
                        local educational agency (or consortium of 
                        local educational agencies) in which the local 
                        educational agency (or consortium of local 
                        educational agencies) is the primary partner; 
                        and
                            ``(ii) is a private nonprofit organization, 
                        educational service agency, institution of 
                        higher education, or State educational agency.
            ``(2) High-need high school.--The term `high-need high 
        school' means a secondary school--
                    ``(A) in which the entering grade of the school is 
                not lower than grade 9 and that includes grade 12; and
                    ``(B) that has a graduation rate of not more than 
                65 percent in each of the 2 academic years prior to the 
                submission of the grant application.
            ``(3) High-need middle school.--The term `high-need middle 
        school' means a secondary school--
                    ``(A) in which the entering grade is not lower than 
                grade 6 and the highest grade is not higher than grade 
                9; and
                    ``(B) from which not less than 35 percent of the 
                students who complete such school enroll in a high-need 
                high school.
            ``(4) High-need school.--The term `high-need school' means 
        a public school, including a charter school (as such term is 
        defined in section 5210(1))--
                    ``(A) in which not less than 40 percent of the 
                enrolled students are eligible to receive free or 
                reduced price lunches under section 9(b) of the Richard 
                B. Russell National School Lunch Act (42 U.S.C. 
                1758(b)); or
                    ``(B) that is a high-need high school or a high-
                need middle school.
            ``(5) Individual from an underrepresented group.--The term 
        `individual from an underrepresented group' means an individual 
        who is a member of a racial group or gender that has 
        historically been underrepresented among teachers in public 
        primary and secondary schools in the United States.
            ``(6) Minority individual.--The term `minority individual' 
        means an individual who is a member of a racial group that has 
        historically been underrepresented among teachers in public 
        primary and secondary schools in the United States.

``SEC. 2505. AUTHORIZATION OF APPROPRIATIONS.

    ``There are authorized to be appropriated to carry out this part 
such sums as are necessary for fiscal years 2010 through 2015.''.
    (b) Clerical Amendment.--The table of contents in section 2 of the 
Elementary and Secondary Education Act of 1965 is amended by adding 
after the item related to section 2441 the following:

     Part E--Recruitment, Training, and Retention of Teachers From 
                        Underrepresented Groups

Sec. 2501. Grant program.
Sec. 2502. Reports to Secretary.
Sec. 2503. Best practices information clearinghouse.
Sec. 2504. Definitions.
Sec. 2505. Authorization of appropriations.

SOLUTION: Diverse Teachers Recruitment Act of 2010 - Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to award competitive matching grants to local educational agencies (LEAs) or nonprofits, educational service agencies, institutions of higher education, or states that enter into partnerships with such LEAs, for recruiting, training, and retaining individuals from underrepresented groups as public elementary and secondary school teachers.

Gives priority to LEAs that serve the most high-need schools and those that serve schools with the highest percentages of minorities in their student bodies.

Requires the Secretary to evaluate the success of the grantees and compile a database of best practices for recruiting, training, and retaining individuals from underrepresented groups as public elementary and secondary school teachers.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Neutral Cost Recovery Act of 2001''.

SEC. 2. NEUTRAL COST RECOVERY DEPRECIATION ADJUSTMENT FOR CERTAIN 
              PROPERTY PLACED IN SERVICE AFTER DECEMBER 31, 2001.

    (a) In General.--Section 168 of the Internal Revenue Code of 1986 
(relating to accelerated cost recovery system) is amended by adding at 
the end thereof the following new subsection:
    ``(k) Deduction Adjustment To Allow Equivalent of Expensing for 
Certain Property Placed in Service After December 31, 2001.--
            ``(1) In general.--In the case of tangible property placed 
        in service after December 31, 2001, the deduction under this 
        section with respect to such property--
                    ``(A) shall be determined by substituting `150 
                percent' for `200 percent' in subsection (b)(1) in the 
                case of property to which the 200 percent declining 
                balance method would otherwise apply, and
                    ``(B) for any taxable year after the taxable year 
                during which the property is placed in service shall 
                be--
                            ``(i) the amount determined under this 
                        section for such taxable year without regard to 
                        this subparagraph, multiplied by
                            ``(ii) the applicable neutral cost recovery 
                        ratio for such taxable year.
            ``(2) Applicable neutral cost recovery ratio.--For purposes 
        of paragraph (1)--
                    ``(A) In general.--The applicable neutral cost 
                recovery ratio for the property for any taxable year is 
                the number determined by--
                            ``(i) dividing--
                                    ``(I) the gross domestic product 
                                deflator for the calendar quarter 
                                ending in such taxable year which 
                                corresponds to the calendar quarter 
                                during which the property was placed in 
                                service by the taxpayer, by
                                    ``(II) the gross domestic product 
                                deflator for the calendar quarter 
                                during which the property was placed in 
                                service by the taxpayer, and
                            ``(ii) then multiplying the number 
                        determined under clause (i) by the number equal 
                        to 1.035 to the nth power where `n' is the 
                        number of full years in the period beginning on 
                        the 1st day of the calendar quarter during 
                        which the property was placed in service by the 
                        taxpayer and ending on the day before the 
                        beginning of the corresponding calendar quarter 
                        ending during such taxable year.
                The applicable neutral cost recovery ratio shall never 
                be less than 1. The applicable neutral cost recovery 
                ratio shall be rounded to the nearest \1/1000\.
                    ``(B) Special rule for certain property.--In the 
                case of property described in paragraph (2) or (3) of 
                subsection (b) or in subsection (g), the applicable 
                neutral cost recovery ratio shall be determined without 
                regard to subparagraph (A)(ii).
            ``(3) Gross domestic product deflator.--For purposes of 
        paragraph (2), the gross domestic product deflator for any 
        calendar quarter is the implicit price deflator for the gross 
        domestic product for such quarter (as shown in the first 
        revision thereof).
            ``(4) Election not to have subsection apply.--This 
        subsection shall not apply to any property if the taxpayer 
        elects not to have this subsection apply to such property. Such 
        an election, once made, shall be irrevocable.
            ``(5) Churning transactions.--This subsection shall not 
        apply to any property if this section would not apply to such 
        property were subsection (f)(5)(A)(ii) applied by substituting 
        `2002' for `1981' and `2001' for `1980'.
            ``(6) Additional deduction not to affect basis or 
        recapture.--
                    ``(A) In general.--The additional amount determined 
                under this section by reason of this subsection shall 
                not be taken into account in determining the adjusted 
                basis of any property or of any interest in a pass-thru 
                entity which holds such property and shall not be 
                treated as a deduction for depreciation for purposes of 
                sections 1245 and 1250.
                    ``(B) Pass-thru entity defined.--For purposes of 
                subparagraph (A), the term `pass-thru entity' means--
                            ``(i) a regulated investment company,
                            ``(ii) a real estate investment trust,
                            ``(iii) an S corporation,
                            ``(iv) a partnership,
                            ``(v) an estate or trust, and
                            ``(vi) a common trust fund.''
    (b) Minimum Tax Treatment.--
            (1) Paragraph (1) of section 56(a) of such Code is amended 
        by adding at the end thereof the following new subparagraph:
                    ``(E) Use of neutral cost recovery ratio.--In the 
                case of property to which section 168(k) applies and 
                which is placed in service after December 31, 2001, the 
                deduction allowable under this paragraph with respect 
                to such property for any taxable year (after the 
                taxable year during which the property is placed in 
                service) shall be--
                            ``(i) the amount so allowable for such 
                        taxable year without regard to this 
                        subparagraph, multiplied by
                            ``(ii) the applicable neutral cost recovery 
                        ratio for such taxable year (as determined 
                        under section 168(k)).
                This subparagraph shall not apply to any property with 
                respect to which there is an election in effect not to 
                have section 168(k)) apply.''
            (2) Subparagraph (C) of section 56(g)(4) of such Code is 
        amended by adding at the end the following new clause:
                            ``(v) Neutral cost recovery deduction.--
                        Clause (i) shall not apply to the additional 
                        deduction allowable by reason of section 
                        168(k).''
    (c) Coordination With Depreciation Limitation on Certain 
Automobiles.--Clause (i) of section 280F(a)(1)(B) of such Code is 
amended by adding at the end the following new sentence: ``For purposes 
of this clause, the unrecovered basis of any passenger automobile shall 
be treated as including the additional amount determined under section 
168 by reason of subsection (k) thereof to the extent not allowed as a 
deduction by reason of this paragraph for any taxable year in the 
recovery period.''
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after December 31, 2001.

SOLUTION: Amends the Internal Revenue Code to require that the depreciation deduction for tangible property placed in service after 2001 be computed using neutral cost recovery ratios.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Immediate Financial Assistance for 
America's Seniors Act of 2008''.

SEC. 2. 2008 RECOVERY REBATES FOR CERTAIN INDIVIDUALS RECEIVING SOCIAL 
              SECURITY BENEFITS.

    (a) In General.--Subchapter B of chapter 65 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new section:

``SEC. 6431. 2008 RECOVERY REBATES FOR CERTAIN INDIVIDUALS RECEIVING 
              SOCIAL SECURITY BENEFITS.

    ``(a) In General.--In the case of an eligible individual who is an 
eligible social security recipient, there shall be allowed as a credit 
against the tax imposed by subtitle A for the first taxable year 
beginning in 2008 an amount equal $300 ($600 in the case of a joint 
return).
    ``(b) Treatment of Credit.--The credit allowed by subsection (a) 
shall be treated as allowed by subpart C of part IV of subchapter A of 
chapter 1.
    ``(c) Limitation Based on Adjusted Gross Income.--The amount of the 
credit allowed by subsection (a) (determined without regard to this 
subsection and subsection (f)) shall be reduced (but not below zero) by 
5 percent of so much of the taxpayer's adjusted gross income as exceeds 
$75,000 ($150,000 in the case of a joint return).
    ``(d) Definitions and Special Rules.--For purposes of this 
section--
            ``(1) Eligible social security recipient.--The term 
        `eligible social security recipient' means, with respect to any 
        taxable year, any taxpayer who--
                    ``(A) received a social security benefit (as 
                defined in section 86(d)) during such taxable year, and
                    ``(B) has earned income which is less than $3,000.
            ``(2) Eligible individual.--The term `eligible individual' 
        means any individual other than--
                    ``(A) any nonresident alien individual,
                    ``(B) any individual with respect to whom a 
                deduction under section 151 is allowable to another 
                taxpayer for a taxable year beginning in the calendar 
                year in which the individual's taxable year begins, and
                    ``(C) an estate or trust.
            ``(3) Earned income.--The term `earned income' has the 
        meaning set forth in section 32(c)(2) except that--
                    ``(A) subclause (II) of subparagraph (B)(vi) 
                thereof shall be applied by substituting `January 1, 
                2009' for `January 1, 2008', and
                    ``(B) such term shall not include net earnings from 
                self-employment which are not taken into account in 
                computing taxable income.
    ``(e) Coordination With Advance Refunds of Credit.--
            ``(1) In general.--The amount of credit which would (but 
        for this paragraph) be allowable under this section shall be 
        reduced (but not below zero) by the aggregate refunds and 
        credits made or allowed to the taxpayer under subsection (f). 
        Any failure to so reduce the credit shall be treated as arising 
        out of a mathematical or clerical error and assessed according 
        to section 6213(b)(1).
            ``(2) Joint returns.--In the case of a refund or credit 
        made or allowed under subsection (f) with respect to a joint 
        return, half of such refund or credit shall be treated as 
        having been made or allowed to each individual filing such 
        return.
    ``(f) Advance Refunds and Credits.--
            ``(1) In general.--Each individual who was an eligible 
        individual for such individual's first taxable year beginning 
        in 2007 shall be treated as having made a payment against the 
        tax imposed by chapter 1 for such first taxable year in an 
        amount equal to the advance refund amount for such taxable 
        year.
            ``(2) Advance refund amount.--For purposes of paragraph 
        (1), the advance refund amount is the amount that would have 
        been allowed as a credit under this section for such first 
        taxable year if this section (other than subsection (e) and 
        this subsection) had applied to such taxable year.
            ``(3) Timing of payments.--The Secretary shall, subject to 
        the provisions of this title, refund or credit any overpayment 
        attributable to this section as rapidly as possible. No refund 
        or credit shall be made or allowed under this subsection after 
        December 31, 2008.
            ``(4) No interest.--No interest shall be allowed on any 
        overpayment attributable to this section.''.
    (b) Treatment of Possessions.--
            (1) Mirror code possession.--The Secretary of the Treasury 
        shall make a payment to each possession of the United States 
        with a mirror code tax system in an amount equal to the loss to 
        that possession by reason of the amendments made by this 
        section. Such amount shall be determined by the Secretary of 
        the Treasury based on information provided by the government of 
        the respective possession.
            (2) Other possessions.--The Secretary of the Treasury shall 
        make a payment to each possession of the United States which 
        does not have a mirror code tax system in an amount estimated 
        by the Secretary of the Treasury as being equal to the 
        aggregate benefits that would have been provided to residents 
        of such possession by reason of the amendments made by this 
        section if a mirror code tax system had been in effect in such 
        possession. The preceding sentence shall not apply with respect 
        to any possession of the United States unless such possession 
        has a plan, which has been approved by the Secretary of the 
        Treasury, under which such possession will promptly distribute 
        such payment to the residents of such possession.
            (3) Definitions and special rules.--
                    (A) Possession of the united states.--For purposes 
                of this subsection, the term ``possession of the United 
                States'' includes the Commonwealth of Puerto Rico and 
                the Commonwealth of the Northern Mariana Islands.
                    (B) Mirror code tax system.--For purposes of this 
                subsection, the term ``mirror code tax system'' means, 
                with respect to any possession of the United States, 
                the income tax system of such possession if the income 
                tax liability of the residents of such possession under 
                such system is determined by reference to the income 
                tax laws of the United States as if such possession 
                were the United States.
                    (C) Treatment of payments.--For purposes of section 
                1324(b)(2) of title 31, United States Code, the 
                payments under this subsection shall be treated in the 
                same manner as a refund due from the credit allowed 
                under section 6431 of the Internal Revenue Code of 1986 
                (as added by this section).
    (c) Conforming Amendments.--
            (1) Paragraph (2) of section 1324(b) of title 31, United 
        States Code, is amended by inserting ``or 6431'' after 
        ``section 35''.
            (2) The table of contents for subchapter B of chapter 65 of 
        the Internal Revenue Code of 1986 is amended by adding at the 
        end the following new item:

``Sec. 6431. 2008 recovery rebates for certain individuals receiving 
                            social security benefits.''.

SOLUTION:
Immediate Financial Assistance for America's Seniors Act of 2008 - Amends the Internal Revenue Code to allow social security recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008. Reduces the amount of such credit by 5% of the amount by which the taxpayer's adjusted gross income exceeds $75,000.