H.R. 2940 — what changed
Educator Tax Relief Act of 2015
From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.
Sec. 2 Deduction for certain expenses of school teachers
“(3) Inflation adjustment—In the case of any taxable year beginning after 2014, 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 2013” for “calendar year 1992” in subparagraph (B) thereof.”
“(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.”