Summary: S.695 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for S.695. Bill summaries are authored by CRS.

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Introduced in Senate (03/24/2003)

Teacher Tax Relief Act of 2003 - Amends the Internal Revenue Code to increase from $250 to $500 the maximum above-the-line deduction allowed for classroom supply expenses incurred by elementary and secondary school teachers, effective after December 31, 2002. Expands such deduction to include qualified professional development expenses.