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<bill bill-stage="Introduced-in-Senate" public-private="public"><metadata xmlns:dc="http://purl.org/dc/elements/1.1/"> |
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<dc:title>114 S100 IS: Home School Opportunities Make Education Sound Act of 2015</dc:title> |
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<dc:publisher>U.S. Senate</dc:publisher> |
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<dc:date>2015-01-07</dc:date> |
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<dc:format>text/xml</dc:format> |
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<dc:language>EN</dc:language> |
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<dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights> |
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<distribution-code display="yes">II</distribution-code><congress>114th CONGRESS</congress><session>1st Session</session><legis-num>S. 100</legis-num><current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber><action><action-date date="20150107">January 7, 2015</action-date><action-desc><sponsor name-id="S299">Mr. Vitter</sponsor> introduced the following bill; which was read twice and referred to the <committee-name committee-id="SSFI00">Committee on Finance</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title>To amend the Internal Revenue Code of 1986 to provide a tax deduction for itemizers and |
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nonitemizers for expenses relating to home schooling.</official-title></form><legis-body><section id="idDD700C63CF144BD398E8F5A0A862A4BF" section-type="section-one"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act may be cited as the <quote><short-title>Home School Opportunities Make Education Sound Act of 2015</short-title></quote>.</text></section><section id="id3DE1D9FCEB4547B8BF448B58BA340DD8" section-type="subsequent-section"><enum>2.</enum><header>Itemizer deduction for |
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home school education expenses</header><subsection id="id1CAD5CEB86A941FEA7F57CA1F2DAFBF2"><enum>(a)</enum><header>In |
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general</header><text>Part VII of subchapter B of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> of the Internal Revenue Code of 1986 is amended—</text><paragraph id="id9031A43CDA814149B20FE408A6063CC3"><enum>(1)</enum><text>by redesignating section 224 as section 225, and</text></paragraph><paragraph id="idBAACC5DF1DD04D818D83719C1F7503D7"><enum>(2)</enum><text>by inserting after section 223 the following new section:</text><quoted-block act-name="" id="idFD3001B2DE7C4F258A08510D47253E03" style="OLC"><section id="idE095DAB88E51482BAF908F41056CE716"><enum>224.</enum><header>Home school |
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education expenses</header><subsection id="id07E6603F872C451994B8894D03C39B9E"><enum>(a)</enum><header>Allowance of |
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deduction</header><text>In the case of an individual, there shall be allowed as a deduction for the taxable year an amount equal to the qualified home school education expenses paid by the taxpayer during the taxable year on behalf of each qualifying child of the taxpayer.</text></subsection><subsection id="id6D010008B32A4112A6B18B27F80A00C0"><enum>(b)</enum><header>Maximum |
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deduction</header><text>The deduction allowed by subsection (a) for the taxable year shall not exceed the lesser of—</text><paragraph id="id8AEFE0B968884C058FBC10AB41A977FC"><enum>(1)</enum><text>$500 for any qualifying child of the taxpayer, and</text></paragraph><paragraph id="id55ECD21D27C54F37984AD3C1E1EC0249"><enum>(2)</enum><text>$2,000 in the aggregate for all qualifying children of the taxpayer.</text></paragraph></subsection><subsection id="id0FEC6B5BF90044CCA00D8AC57D25EF43"><enum>(c)</enum><header>Definitions</header><text>For purposes of this section—</text><paragraph id="idAFF9CA0AAABF4755A70F11B849318455"><enum>(1)</enum><header>Qualifying |
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child</header><text>The term <term>qualifying child</term> has the meaning given to such term in section 24(c).</text></paragraph><paragraph id="idE969E9BF74B74B789D14D97218327FFF"><enum>(2)</enum><header>Qualified home |
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school education expenses</header><subparagraph id="idBCA3BF64658C43CEA99E5D7C75A4033A"><enum>(A)</enum><header>In |
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general</header><text>The term <term>qualified home school education expenses</term> means expenses for—</text><clause id="idEBB62DF01A7C431B81E7E3BB7BA24971"><enum>(i)</enum><text>books, supplies, and other equipment necessary for a course of instruction in a classroom environment,</text></clause><clause id="id0E4F6B84BD5F4854A12EC5F9017620CE"><enum>(ii)</enum><text>academic tutoring,</text></clause><clause id="idEB84EA70DABD453AAFD6D3BF15A23278"><enum>(iii)</enum><text>special needs services for qualifying children with disabilities (within the meaning of the Americans With Disabilities Act of 1990), and</text></clause><clause id="idF0FFDF95DA1D4911B1C8C3C0BB2305E7"><enum>(iv)</enum><text>any computer technology or equipment (as defined in section 170(e)(6)(F)(i)) or Internet access and related services, if such technology, equipment, or services are to be used by the qualifying child and the qualifying child's family during any of the years that the qualifying child is educated in an elementary or secondary home school (not including computer equipment designed for sports, games, or hobbies unless such equipment is primarily educational in nature),</text></clause><continuation-text continuation-text-level="subparagraph">in |
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connection with a course of instruction in an elementary or |
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secondary home |
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school.</continuation-text></subparagraph><subparagraph id="id4DFB28D1AD1848149839B5CB5A9C3078"><enum>(B)</enum><header>Elementary or |
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secondary home school</header><text>The term <term>elementary or secondary home school</term> includes any home school that meets the requirements of State law applicable to such home schools and that provides elementary education or secondary education (kindergarten through grade 12), whether or not such home school is deemed a private school for purposes of State law.</text></subparagraph></paragraph></subsection><subsection id="idEB72DF1ABEDD40E09BD9E93B30407F47"><enum>(d)</enum><header>Special |
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rules</header><paragraph id="id33D8D04917394E5EB597C3316CF20F52"><enum>(1)</enum><header>Denial of |
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double benefit</header><text>Except as provided in paragraphs (2) and (3), no deduction shall be allowed under subsection (a) for any expense for which a deduction or credit is allowed to the taxpayer under any other provision of this chapter.</text></paragraph><paragraph id="id8199D19700B54CCFB266E3007E1FA093"><enum>(2)</enum><header>Adjustment for |
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Coverdell education savings account distributions and Hope and |
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Lifetime |
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Learning Credits</header><text>The amount of qualified home school education expenses taken into account under subsection (a) with respect to a qualifying child for a taxable year shall be reduced by the sum of—</text><subparagraph id="id64C9956EE4E847D5A4887440EF09B7F4"><enum>(A)</enum><text>the amount of any credit allowed under section 25A with respect to such child for such taxable year, and</text></subparagraph><subparagraph id="idAE1062FA22B042BA99BC9958EC2D5D84"><enum>(B)</enum><text>any amounts excludable under section 530(d)(2) for such taxable year by reason of the qualified elementary and secondary education expenses (as defined in section 530(b)(3)) of such child for such taxable year.</text></subparagraph></paragraph><paragraph id="idE3715227EAD84BBDA9C4ADC2F8B05FAD"><enum>(3)</enum><header>Adjustment for |
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certain scholarships, etc</header><text>Rules similar to the rules under section 25A(g)(2) shall apply for purposes of this section.</text></paragraph><paragraph id="id8F48F971E4754A4BBF626EF3139E71A7"><enum>(4)</enum><header>Identification |
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requirement, limitation on taxable year of deduction, etc</header><text>Rules similar to the rules under paragraphs (2), (4), and (5) of section 222(d) shall apply for purposes of this section.</text></paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="idC7260F523F414DFF9E897979B23C91D6"><enum>(b)</enum><header>Clerical |
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amendment</header><text>The table of sections for part VII of subchapter B of <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/26/1">chapter 1</external-xref> of the Internal Revenue Code of 1986 is amended by striking the item relating to <external-xref legal-doc="usc" parsable-cite="usc/26/224">section 224</external-xref> and inserting the following new items:</text><toc><toc-entry bold="off" level="section">“224. Home school education |
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expenses.</toc-entry><toc-entry bold="off" level="section"><quote>225. Cross |
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reference.</quote>.</toc-entry></toc></subsection><subsection commented="no" display-inline="no-display-inline" id="id940EAA706C7143B59030E3EC7DAE6D85"><enum>(c)</enum><header>Effective |
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date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text></subsection></section><section commented="no" display-inline="no-display-inline" id="idED03CE8B5CD74F5FAB231CB8D84DEEA3"><enum>3.</enum><header>Additional |
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standard deduction for home school education expenses for nonitemizers</header><subsection commented="no" display-inline="no-display-inline" id="idB567B1985AA14462A9D560D829A3E75B"><enum>(a)</enum><header>In |
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general</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/63">Section 63(c)(1)</external-xref> of the Internal Revenue Code of 1986 is amended—</text><paragraph commented="no" display-inline="no-display-inline" id="id4C4830E9F8F44EF7807C678BF5578983"><enum>(1)</enum><text>by striking <quote>and</quote> at the end of subparagraph (D),</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id343140EE41D94EDDAB258CFBB778E11F"><enum>(2)</enum><text>by striking the period at the end of subparagraph (E) and inserting <quote>, and</quote>, and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id9C5E062663894EA78516E891035D3671"><enum>(3)</enum><text>by adding at the end the following new subparagraph:</text><quoted-block display-inline="no-display-inline" id="idC009A1334EDC40E58B8AFCB98C460209" style="OLC"><subparagraph id="H78A8B708983B42B1B7EBC2043EDB279"><enum>(F)</enum><text>the home school education expenses deduction.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block></paragraph></subsection><subsection id="H4F417B48DF144285B285E4CB57924300"><enum>(b)</enum><header>Definition</header><text><external-xref legal-doc="usc" parsable-cite="usc/26/63">Section 63(c)</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:</text><quoted-block id="H384A8EF551BD49CAAD7DB35774746BAD"><paragraph id="H5FF6486E547149F3925B5099E58B3943"><enum>(10)</enum><header>Home school |
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education expenses deduction</header><subparagraph id="id56BF7E8C413440E68B00E4079AF5ADB8"><enum>(A)</enum><header>In |
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general</header><text>For purposes of paragraph (1), the home school education expenses deduction is so much of the amount of the qualified home school education expenses paid by the taxpayer during the taxable year on behalf of each qualifying child of the taxpayer—</text><clause id="id72726241CD1D46AE987A017C787FCC94"><enum>(i)</enum><text>as does not exceed $500 with respect to each such qualifying child, and</text></clause><clause id="id1AE3A1E0FBA14590AE6C404BDFBD720D"><enum>(ii)</enum><text>as does not exceed $2,000 in the aggregate with respect to all such qualifying children.</text></clause></subparagraph><subparagraph id="idCB5372FA88CB41D9B2D5694349BB2331"><enum>(B)</enum><header>Qualifying |
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child; qualified home school education expenses</header><text>For purposes of subparagraph (A)—</text><clause id="id922B9F05725347E69BF567C61C506B64"><enum>(i)</enum><text>the term <term>qualifying child</term> has the meaning given to such term in section 24(c), and</text></clause><clause id="id552DE8D5E00E4424977B58357D602CF7"><enum>(ii)</enum><text>the term <term>qualified home school education expenses</term> has the meaning given to such term in section 224(c)(2).</text></clause></subparagraph><subparagraph id="idB622BC113C1F49A381B8E201B706AB70"><enum>(C)</enum><header>Special |
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rules</header><text>Rules similar to the rules of section 224(d) shall apply for purposes of this paragraph.</text></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection id="idF6584FA64BE840718FB4421CD2F5AD1F"><enum>(c)</enum><header>Effective |
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date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2014.</text></subsection></section></legis-body></bill> |
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