,,ii  #aac? ,,congress  #a/ ,session    
,s4 #dch  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #d1 #bjac ,mr4    
,reid 7= ,mr4 ,begi*7 introduc$ ! foll[+
 bill2 :i* 0 read twice & ref]r$ to !   
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 provide a tax cr$it = pr(essional s*ool
 p]sonnel 9 e>ly *ildhood education1 to 
exp& ! d$uction = c]ta9 exp5ses ( tea*]s
 to tea*]s 9 e>ly *ildhood education1 & 
to modify ! cr$it = dep5d5t c>e s]vices4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,tax ,cr$it = ,e>ly ,educators ,act 
( #bjac4  #b4 ,tax cr$it = pr(essional  
s*ool p]sonnel 9 e>ly *ildhood education
  7a7 ,9 g5]al ,subp>t ,a ( "p ,,iv (   
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf 7relat+ to        
nonrefundable p]sonal cr$its7 is am5d$  
by ins]t+ aft] section #be;,d ! foll[+  
new section3  #be;,e4 ,pr(essional s*ool
 p]sonnel 9 e>ly *ildhood education  7a7
 ,all[ance ( cr$it ,9 ! case ( an       
eligible individual1 !re %all be all[$ z

 a cr$it aga9/ ! tax impos$ by ?is *apt]
 = ! taxable ye> an am\nt equal to      
#c1jjj4  7b7 ,eligible individual ,=    
purposes ( ?is section--  7#a7 ,9 g5]al 
,! t]m eligible individual means any    
individual--  7,a7 :o is employ$ 9 a    
position :i* involves regul> contact )  
/ud5ts 9 an e>ly *ildhood s*ool or      
program1 &  7,b7 ^: position involves ! 
=mulation or implem5tation ( !          
educational program = su* s*ool or      
program4  7#b7 ,e>ly *ildhood s*ool or  
program ,! t]m e>ly *ildhood s*ool or   
program means any s*ool or program :i*  
provides e>ly *ildhood education1 z     
det]m9$ "u ,/ate law4  7c7 ,co/-(-,liv+ 
adju/m5t  7#a7 ,9 g5]al ,9 ! case ( any 
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjac1 ! #c1jjj am\nt conta9$ 9         
subsection 7a7 %all be increas$ by an   
am\nt equal to--  7,a7 su* doll> am\nt1 
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1 by
 sub/itut+ cal5d> ye> #bjab = cal5d> ye>

 #aiib 9 subp>agraph 7,b7 !re(4  7#b7   
,r\nd+ ,if any increase det]m9$ "u      
p>agraph 7#a7 is n a multiple ( #aj1 su*
 increase %all be increas$ to ! next    
highe/ multiple ( #aj4  4  7b7 ,cl]ical 
am5dm5t ,! table ( sections = subp>t ,a 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by ins]t+ aft] ! item   
relat+ to section #be;,d ! foll[+ new   
item3  ,sec4 #be;,e4 ,pr(essional s*ool 
p]sonnel 9 e>ly *ildhood education4  4  
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjab4  #c4   
,d$uction = c]ta9 exp5ses ( e>ly        
*ildhood1 pres*ool1 elem5t>y & second>y 
s*ool tea*]s  7a7 ,9 g5]al ,subp>agraph 
7,d7 ( section #fb7;a77#b7 ( ! ,int]nal 
,rev5ue ,code ( #aihf 7relat+ to c]ta9  
exp5ses ( elem5t>y & second>y s*ool     
tea*]s7 is am5d$ to read z foll[s3  7,d7
 ,c]ta9 exp5ses ( e>ly *ildhood1        
pres*ool1 elem5t>y & second>y s*ool     
tea*]s ,9 ! case ( taxable ye>s beg9n+  
be=e #bjah1 ! d$uctions all[$ by section

 #afb :i* consi/ ( exp5ses1 n 9 excess (
 ! applicable am\nt1 paid or incurr$ by 
an eligible educator 9 connection )     
books1 supplies 7o!r ?an nona?letic     
supplies = c\rses ( in/ruction 9 heal?  
or physical education71 comput] equipm5t
 7includ+ relat$ s(tw>e & s]vices7 & o!r
 equipm5t1 & supplem5t>y mat]ials us$ by
 ! eligible educator 9 ! classroom4  4  
7b7 ,def9itions ,subsection 7d7 (       
section #fb ( su* ,code 7relat+ to      
def9ition2 special rules7 is am5d$ to   
read z foll[s3  7d7 ,def9itions relat+  
to e>ly *ildhood1 pres*ool1 elem5t>y &  
second>y s*ool tea*]s ,= purposes (     
subsection 7a77#b77;,d7 & ?is           
subsection--  7#a7 ,applicable am\nt ,! 
t]m applicable am\nt means--  7,a7 #ejj 
9 ! case ( a full-"t educator1 &  7,b7  
#bej 9 any o!r case4  7#b7 ,eligible    
educator ,! t]m eligible educator means1
 ) respect to any taxable ye>1 an       
individual :o is--  7,a7 a k9d]g>t5     
?r\gh grade #ab tea*]1 in/ructor1       
c\nselor1 pr9cipal1 or aide 9 a s*ool = 

at lea/ #dej h\rs dur+ a s*ool ye> :i*  
ends dur+ su* taxable ye>1 or  7,b7 a   
tea*]1 in/ructor1 c\nselor1 or aid 9 a  
pres*ool or e>ly *ildhood program = at  
lea/ #dej h\rs dur+ ! taxable ye>4  7#c7
 ,full-"t educator ,! t]m full-"t       
educator means1 ) respect to any taxable
 ye>1 an individual :o = su* taxable ye>
 satisfies ! requirem5ts ( subp>agraph  
7,a7 or 7,b7 ( p>agraph 7#b7 appli$ by  
sub/itut+ #ijj h\rs = #dej h\rs !re94   
7#d7 ,s*ool ,! t]m s*ool means any s*ool
 :i* provides elem5t>y education or     
second>y education 7k9d]g>t5 ?r\gh grade
 #ab71 z det]m9$ "u ,/ate law4  7#e7    
,pres*ool or e>ly *ildhood program ,!   
t]m pres*ool or e>ly *ildhood program   
means any program :i*--  7,a7 is =      
provid+ pres*ool & receives funds =     
c>ry+ out pres*ool programs pursuant    
to--  7i7 "p ,a ( title ,i ( ! ,elem5t>y
 & ,second>y ,education ,act ( #aife1 or
  7ii7 subp>t #b ( "p ,b ( title ,i (   
su* ,act1 or  7,b7 is an e>ly *ildhood  
program1 z def9$ "u section #ajc ( !    

,high] ,education ,act ( #aife4  4  7c7 
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s end+ 
aft] ! date ( ! enactm5t ( ?is ,act4    
#d4 ,modification ( cr$it = dep5d5t c>e 
s]vices  7a7 ,9 g5]al ,subsection 7a7 ( 
section #ba ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ to read z foll[s3  7a7  
,all[ance ( cr$it ,9 ! case ( an        
individual = :i* !re are #a or m        
qualify+ individuals 7z def9$ 9         
subsection 7b77#a77 ) respect to su*    
individual1 !re %all be all[$ z a cr$it 
aga9/ ! tax impos$ by ?is *apt] = !     
taxable ye> an am\nt equal to #ce p]c5t 
( ! employm5t-relat$ exp5ses 7z def9$ 9 
subsection 7b77#b77 paid by su*         
individual dur+ ! taxable ye>4  4  7b7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4