118th Congress · HOUSE BILLBILL

H.R. 3265RETAIN Act

To amend the Internal Revenue Code of 1986 to address the teacher and school leader shortage in early childhood, elementary, and secondary education, and for other purposes.

Taxation
Introduced May 11, 2023
Last action May 11, 2023
Pipeline · Bill → Law
Step 1
Introduced
May 11, 2023
Step 2
Referred
May 11, 2023
Education and Workforce · Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill allows a refundable income tax credit for early childhood educators and program directors, school leaders, and mental health services providers in early childhod educational settings that rewards retention based upon the time such educators spend serving students.  The bill directs the Secretary of Labor, in coordination with other department heads, to develop and publish, with annual updates, a data series that captures the average base salary of teachers in elementary and secondary schools and of early childhood educators.     

Provisions · 5 sectionsIntroduced in House
Timeline · 3 actions
May 11, 2023
Introduced in House
May 11, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 11, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.