summary
Introduced
05/11/2023
05/11/2023
In Committee
05/11/2023
05/11/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill 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.
AI Summary
This bill, the Retaining Educators Takes Added Investment Now (RETAIN) Act, aims to create a refundable tax credit for early childhood educators, teachers, early childhood education program directors, school leaders, and school-based mental health services providers in early childhood, elementary, and secondary education settings. The credit is designed to reward retention based on the time spent serving high-need students. The bill also requires the development and publication of a data series that captures the average base salaries of teachers in public schools and early childhood educators, disaggregated by various factors.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Read twice and referred to the Committee on Finance. (text: CR S1626-1627) (on 05/11/2023)
Bill Topics
Education
- ‐ Education of Underprivileged or Underrepresented Groups
- ‐ Elementary and Secondary Education
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/1567/all-info | 05/12/2023 |
| BillText | https://www.congress.gov/118/bills/s1567/BILLS-118s1567is.pdf | 05/25/2023 |
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