H.R.2281 - Digital Divide Elimination Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Jefferson, William J. [D-LA-2] (Introduced 06/21/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||06/27/2001 Sponsor introductory remarks on measure.|
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Summary: H.R.2281 — 107th Congress (2001-2002)All Bill Information (Except Text)
Digital Divide Elimination Act of 2001 - Amends the Internal Revenue Code to allow a tax credit for qualified computer technology or equipment equal to 50 percent of the amount paid for it (up to $500) by any taxpayer allowed an earned income credit.
Introduced in House (06/21/2001)
Extends from December 31, 2003, through June 30, 2004, the current enhanced deduction from gross income for charitable contributions of computers for elementary or secondary school purposes. Prescribes a special rule for contributions of computer technology and equipment to a qualified organization made within three years after the taxpayer acquired or constructed the property, if: (1) the property's original use is by the donor or the donee; (2) substantially all of the property's use by the donee is within the United States and, in the case of a qualified educational organization, for educational purposes related to the organization's purpose or function; (3) the property is not transferred by the donee in exchange for money, other property, or services, except for shipping, installation, and transfer costs; and (4) other specified requirements are met.