STEM teachers – educators who teach science, technology, engineering, and math courses – may be receiving an incentive for their career choice.
That incentive would come in the form of a tax credit for 10% of undergraduate tuition, up to $1,000 in any taxable year. For teachers in schools serving disadvantaged children, the cap would be increased to $1,500. Eligible participants would include: (1) full-time teachers who teach primarily math, science, engineering, or technology courses in one or more of grades 9 through 12; and (2) full-time teachers who teach math, science, engineering, or technology courses in one or more of grades kindergarten through 8. Full-time substitute teachers would also be eligible.
The tax credit is the aim of H.R. 118, the National STEM Education Tax Incentive for Teachers Act of 2013. The bi-partisan bill was introduced by Rep. Rush Holt (D, NJ) and co-sponsored by Rep. Richard Hanna (R, NY) and Rep. Michael Honda (D, CA).
The dearth of adequate STEM education has been a public policy issue that transcends party lines and has plagued more than one administration. According to a recent Harvard University study, American students ranked only 25th out of all developed nations in standardized math and science tests. And American technology companies continue to bemoan the lack of qualified candidates.
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Encouraging students to enter STEM fields has been an uphill battle, despite numerous incentive programs, including scholarships, grants, and Obama’s planned STEM Master Teacher’s Corp. Some of these programs purport to offer generous rewards for excellence in STEM education, yet America continues to lag woefully behind other developed nations.
Is a minor tax incentive enough to solve the problem? Probably not. But every little bit helps.
To read the full text of H.R. 118, go to http://thomas.loc.gov/cgi-bin/query/z?c113:H.R.118:.