Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1456 new people
  • 33 new organizations
  • 1374 new photos
  • 1836 job history records for people in our database
  • 632 education records for people in our database
  • 2621 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 2 new people through the revolving door
  • 260 new policy reports
  • 19 new trips to our privately funded travel database
  • 11265 new press releases
  • 19 new town halls

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

H.R. 2940, Educator Tax Relief Act of 2015 (CBO Report for Congress)

Premium   Download PDF Now
Congress 114th
Date Requested Sept. 17, 2015
Requested By House Committee on Ways and Means
Date Sent Sept. 22, 2015
Description:

H.R. 2940 would amend the Internal Revenue Code to permanently extend and expand the tax deduction of up to $250 that is allowed for certain classroom expenses of teachers. Under current law the deduction is unavailable for taxable years after 2014, and H.R. 2940 would permanently extend the deduction. The bill would also expand eligible expenses to include those for professional development and index the maximum deduction for inflation.

The staff of the Joint Committee on Taxation (JCT) estimates that enacting H.R. 2940 would reduce revenues, thus increasing federal deficits, by about $3 billion over the 2016-2025 period.

The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. Enacting H.R. 2940 would result in revenue losses in each year beginning in 2016.

JCT has determined that the bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.

« Return to search CBO reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com