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HR 703 107th Congress House

Teacher Tax Credit Act

Official title: To amend the Internal Revenue Code of 1986 to provide incentives to public elementary and secondary school teachers by providing a tax credit for teaching expe… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide incentives to public elementary and secondary school teachers by providing a tax credit for teaching expenses, professional development expenses, and student education loans.

Introduced: May 25, 2001 Introduced by: Scott, Robert C. "Bobby" Democratic · Virginia See on congress.gov
Taxation Academic performanceComputer softwareComputer-assisted instructionComputers in education
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CurriculaDisabledEducationEducation of disabled studentsEducational counselingElementary and secondary educationElementary educationFinance and Financial SectorHigher educationInterestParaprofessional school personnelSchool disciplineSchool principalsScience, Technology, CommunicationsSecondary educationSpecial educationStudent loan fundsTax creditsTeacher educationTeachersTeaching materialsTextbooks
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2001
Referred to the House Committee on Ways and Means.
Feb 14, 2001
Sponsor introductory remarks on measure. (CR E186)
Feb 14, 2001
Introduced in House
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 Latest action February 14, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Teacher Tax Credit Act - Amends the Internal Revenue Code to provide an annual credit of up to $1,000 to public kindergarten, elementary, and secondary school teachers, instructors, counselors, aides, and principals for: (1) qualified education expenses; (2) qualified professional development expenses; and (3) interest paid on any qualified education loan.
 Related & companion bills 1
  • S 225 Identical bill TEACHER-Tax Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2
FROST, MARTIN
· May 25, 2001
 D
Hoyer, Steny H.
Maryland · May 25, 2001
 D
Thompson, Bennie G.
Mississippi · May 25, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 703: Teacher Tax Credit Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-703/
MLA
"H.R. 703: Teacher Tax Credit Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-703/.
Bluebook (legal)
H.R. 703, 107th Cong. (2026), https://openamerica.io/bill/107-HR-703/.
Markdown link
[H.R. 703: Teacher Tax Credit Act](https://openamerica.io/bill/107-HR-703/)
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