,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dccc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bg1 #bjad ,ms4  
,j5k9s 7= h]self1 ,mr4 ,k9d1 & ,mr4 ,"y 
( ,indiana7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to improve #ebi   
plans4  #a4 ,comput] te*nology &        
equipm5t all[$ z a qualifi$ high]       
education exp5se = section #ebi acc\nts 
7a7 ,made p]man5t ,clause 7iii7 (       
section #ebi7;e77#c77;,a7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
9 #bjji or #bjaj4  7b7 ,only = use      
prim>ily by ! b5efici>y ,clause 7iii7 ( 
section #ebi7;e77#c77;,a7 ( su* ,code is
 am5d$ by /rik+ us$ by ! b5efici>y & !  
b5efici>y's family & ins]t+ us$ prim>ily
 by ! b5efici>y4  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to exp5ses paid or incurr$ aft]        
,decemb] #ca1 #bjaj4  #b4 ,inve/m5t     
direction "u qualifi$ tuition programs  
7a7 ,9 g5]al ,p>agraph 7#d7 ( section   

#ebi7;b7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by /rik+ ! p]iod at ! end
 & ins]t+ m frequ5tly ?an #d times p]   
cal5d> ye>44  7b7 ,cl]ical am5dm5t ,!   
head+ = p>agraph 7#d7 ( section #ebi7;b7
 ( su* ,code is am5d$ by /rik+ ,no      
inve/m5t direction & ins]t+ ,limit$     
inve/m5t direction4  7c7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply to ye>s beg9n+ aft] ,decemb] #ca1 
#bjac4  #c4 ,elim9ation ( di/ribution   
aggregation requirem5ts  7a7 ,9 g5]al   
,clause 7ii7 ( section #ebi7;c77#c77;,d7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by ins]t+ be=e ! comma at ! end ! 
foll[+3 1 except = purposes ( calculat+ 
! e>n+s portion ( any di/ribution44  7b7
 ,effective date ,! am5dm5t made by ?is 
section %all apply to di/ributions aft] 
,decemb] #ca1 #bjac4  #d4 ,contribution 
( am\nts previ\sly di/ribut$ 9 case (   
)drawal f s*ool  7a7 ,9 g5]al ,p>agraph 
7#c7 ( section #ebi7;c7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new subp>agraph3  7,e7

 ,special rule = contributions relat+ to
 )drawal f s*ool ,9 ! case ( a b5efici>y
 :o receives a refund ( any qualifi$    
high] education exp5ses f an eligible   
educational in/itution 9 connection )   
)drawal f enrollm5t at su* in/itution1  
subp>agraph 7,a7 %all n apply to t      
portion ( any di/ribution = ! taxable   
ye> :i* is recontribut$ to a qualifi$   
tuition program ( :i* su* individual is 
a b5efici>y1 b only to ! ext5t su*      
recontribution is made n lat] ?an #fj   
days aft] ! date ( su* refund & does n  
exce$ ! refund$ am\nt4  4  7b7          
,effective date ,! am5dm5t made by ?is  
section %all apply ) respect to         
di/ributions aft] ,decemb] #ca1 #bjac4  
#e4 ,special rollov] to ,ro? ,,ira f    
long-t]m qualifi$ tuition program  7a7  
,9 g5]al ,p>agraph 7#c7 ( section       
#ebi7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf1 z am5d$ by ?is ,act1 is am5d$ by 
add+ at ! end ! foll[+ new subp>agraph3 
7,f7 ,special rollov] to ,ro? ,,ira f   
long-t]m qualifi$ tuition program ,=    

purposes ( ?is section--  7i7 ,9 g5]al  
,9 ! case ( a di/ribution f a qualifi$  
tuition program :i* has be5 ma9ta9$ by  
an acc\nt own] = ! #aj-ye> p]iod end+ on
 ! date ( su* di/ribution--  7,i7       
subp>agraph 7,a7 %all n apply to any    
portion ( su* di/ribution :i*1 n lat]   
?an #fj days aft] su* di/ribution1 is   
paid into a ,ro? ,,ira ma9ta9$ = !      
b5efit ( su* acc\nt own] or ! designat$ 
b5efici>y "u su* qualifi$ tuition       
program1 &  7,,ii7 su* portion %all be  
treat$ z a rollov] contribution =       
purposes ( section #djh;,a7e74  7ii7    
,limitation ,clause 7i7 %all only apply 
to s mu* ( any di/ribution z does n     
exce$ ! less] (--  7,i7 #be1jjj1 or     
7,,ii7 ! aggregate am\nt contribut$ to !
 program 7& e>n+s attributable !reto7   
be=e ! #e-ye> p]iod end+ on ! date ( !  
di/ribution4  4  7b7 ,qualifi$ rollov]  
contribution ,p>agraph 7#a7 ( section   
#djh;,a7e7 ( su* ,code is am5d$ by /rik+
 ! p]iod at ! end ( subp>agraph 7,b7 &  
ins]t+ 1 & & by ins]t+ aft] subp>agraph 

7,b7 ! foll[+ new subp>agraph3  7,c7 f a
 cov]$ qualifi$ tuition program 7z def9$
 9 section #ebi7;c77#c77;,f77ii774  4   
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply ) respect to     
di/ributions aft] ,decemb] #ca1 #bjac4