Homeschool Alliance of North Carolina

“Home School Opportunities Make Education Sound Act of 2008 (Introduced in Senate)

S 3076 IS

110th CONGRESS 

2d SessionTo amend the Internal Revenue Code of 1986 to provide a tax deduction for itemizers and nonitemizers for expenses relating to home schooling.

June 3, 2008

Mr. VITTER introduced the following bill; which was read twice and referred to the Committee on Finance

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 `Home School Opportunities Make Education Sound Act of 2008′.

SEC. 2. ITEMIZER DEDUCTION FOR HOME SCHOOL EDUCATION EXPENSES.

(a) In General- Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 (relating to additional itemized deductions for individuals) is amended–

•  
  (1) by redesignating section 224 as section 225, and

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  (2) by inserting after section 223 the following new section:

`SEC. 224. HOME SCHOOL EDUCATION EXPENSES.

`(a) Allowance of Deduction- 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.

`(b) Maximum Deduction- The deduction allowed by subsection (a) for the taxable year shall not exceed the lesser of–

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  `(1) $500 for any qualifying child of the taxpayer, and

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  `(2) $2,000 in the aggregate for all qualifying children of the taxpayer.

`(c) Definitions- For purposes of this section–

A BILL

IN THE SENATE OF THE UNITED STATES

S. 3076…”

For the complete bill text:  http://thomas.loc.gov/cgi-bin/query/z?c110:S.3076:

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