[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 37 Introduced in House (IH)]
110th CONGRESS
1st Session
H. R. 37
To amend the Internal Revenue Code of 1986 to encourage businesses to
improve math and science education at elementary and secondary schools.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 4, 2007
Mr. Ehlers 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 encourage businesses to
improve math and science education at elementary and secondary schools.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``National Science Education Tax
Incentive for Businesses Act of 2007''.
SEC. 2. CREDITS FOR CERTAIN CONTRIBUTIONS BENEFITING SCIENCE,
TECHNOLOGY, ENGINEERING, AND MATHEMATICS EDUCATION AT THE
ELEMENTARY AND SECONDARY SCHOOL LEVEL.
(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to business related
credits) is amended by adding at the end the following new section:
``SEC. 45O. CONTRIBUTIONS BENEFITING SCIENCE, TECHNOLOGY, ENGINEERING,
AND MATHEMATICS EDUCATION AT THE ELEMENTARY AND SECONDARY
SCHOOL LEVEL.
``(a) In General.--For purposes of section 38, the elementary and
secondary science, technology, engineering, and mathematics (STEM)
contributions credit determined under this section for the taxable year
is an amount equal to 100 percent of the qualified STEM contributions
of the taxpayer for such taxable year.
``(b) Qualified STEM Contributions.--For purposes of this section,
the term `qualified STEM contributions' means--
``(1) STEM school contributions,
``(2) STEM teacher externship expenses, and
``(3) STEM teacher training expenses.
``(c) STEM School Contributions.--For purposes of this section--
``(1) In general.--The term `STEM school contributions'
means--
``(A) STEM property contributions, and
``(B) STEM service contributions.
``(2) STEM property contributions.--The term `STEM property
contributions' means the amount which would (but for subsection
(f)) be allowed as a deduction under section 170 for a
charitable contribution of STEM inventory property if--
``(A) the donee is an elementary or secondary
school described in section 170(b)(1)(A)(ii),
``(B) substantially all of the use of the property
by the donee is within the United States or within the
defense dependents' education system for educational
purposes in any of the grades K-12 that are related to
the purpose or function of the donee,
``(C) the original use of the property begins with
the donee,
``(D) the property will fit productively into the
donee's education plan,
``(E) the property is not transferred by the donee
in exchange for money, other property, or services,
except for shipping, installation and transfer costs,
and
``(F) the donee's use and disposition of the
property will be in accordance with the provisions of
subparagraphs (B) and (E).
The determination of the amount of deduction under section 170
for purposes of this paragraph shall be made as if the
limitation under section 170(e)(3)(B) applied to all STEM
inventory property.
``(3) STEM service contributions.--The term `STEM service
contributions' means the amount paid or incurred during the
taxable year for STEM services provided in the United States or
in the defense dependents' education system for the exclusive
benefit of students at an elementary or secondary school
described in section 170(b)(1)(A)(ii) but only if--
``(A) the taxpayer is engaged in the trade or
business of providing such services on a commercial
basis, and
``(B) no charge is imposed for providing such
services.
``(4) STEM inventory property.--The term `STEM inventory
property' means, with respect to any contribution to a school,
any property--
``(A) which is described in paragraph (1) or (2) of
section 1221(a) with respect to the donor, and
``(B) which is determined by the school to be
needed by the school in providing education in grades
K-12 in the areas of science, technology, engineering,
or mathematics.
``(5) STEM services.--The term `STEM services' means, with
respect to any contribution to a school, any service determined
by the school to be needed by the school in providing education
in grades K-12 in the areas of science, technology,
engineering, or mathematics, including teaching courses of
instruction at such school in any such area.
``(6) Defense dependents' education system.--For purposes
of this subsection, the term `defense dependents' education
system' means the program established and operated under the
Defense Dependents' Education Act of 1978 (20 U.S.C. 921 et
seq.).
``(d) STEM Teacher Externship Expenses.--For purposes of this
section--
``(1) In general.--The term `STEM teacher externship
expenses' means any amount paid or incurred to carry out a STEM
externship program of the taxpayer but only to the extent that
such amount is attributable to the participation in such
program of any eligible STEM teacher, including amounts paid to
such a teacher as a stipend while participating in such
program.
``(2) STEM externship program.--The term `STEM externship
program' means any program--
``(A) established by a taxpayer engaged in a trade
or business within an area of science, technology,
engineering, or mathematics, and
``(B) under which eligible STEM teachers receive
training to enhance their teaching skills in the areas
of science, technology, engineering, or mathematics or
otherwise improve their knowledge in such areas.
``(3) Eligible stem teacher.--The term `eligible STEM
teacher' means any individual--
``(A) who is a teacher in grades K-12 at an
educational organization described in section
170(b)(1)(A)(ii) which is located in the United States
or which is located on a United States military base
outside the United States, and
``(B) whose teaching responsibilities at such
school include, or are likely to include, any course in
the areas of science, technology, engineering, or
mathematics.
``(e) STEM Teacher Training Expenses.--The term `STEM teacher
training expenses' means any amount paid or incurred by a taxpayer
engaged in a trade or business within an area of science, technology,
engineering, or mathematics which is attributable to the participation
of any eligible STEM teacher in a regular training program provided to
employees of the taxpayer which is determined by such teacher's school
as enhancing such teacher's teaching skills in the areas of science,
technology, engineering, or mathematics.
``(f) Denial of Double Benefit.--No deduction shall be allowed
under this chapter for any amount allowed as a credit under this
section.''.
(b) Conforming Amendments.--
(1) Section 38(b) of such Code is amended by striking
``plus'' at the end of paragraph (30), by striking the period
at the end of paragraph (31), and inserting ``, plus'', and by
adding at the end the following new paragraph:
``(32) the elementary and secondary science, technology,
engineering, and mathematics (STEM) contributions credit
determined under section 45O.''.
(2) The table of sections for subpart D of part IV of
subchapter A of chapter 1 of such Code is amended by adding at
the end the following new item:
``Sec. 45O. Contributions benefiting science, technology, engineering,
and mathematics education at the elementary
and secondary school level.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.
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