,,ii  #aacth ,,congress  #ast ,session  
,s4 #hf  ,,in ,,the ,,senate ,,of ,,the 
,,united ,,states  ,january #bc         
7legislative day1 ,january #c71 #bjac   
,mr4 ,vitter introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to expand the ,coverdell      
education savings accounts to allow home
 school education expenses1 and for     
other purposes4  #a4 ,allowance of home 
school expenses as qualified education  
expenses for purposes of a ,coverdell   
,education ,savings ,account  7a7 ,in   
,general ,paragraph 7#c7 of section     
#ecj7;b7 of the ,internal ,revenue ,code
 of #aihf is amended by adding at the   
end the following new subparagraph3     
7,c7 ,private school ,for purposes of   
this section1 the term #8private school'
 includes any home school that meets the
 requirements of ,state law applicable  
to such home schools1 whether or not    
such school is deemed a private school  

for purposes of ,state law4  4  7b7     
,effective ,date ,the amendment made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjab4  #b4 ,coverdell ,education       
,savings ,account contributions indexed 
to inflation  7a7 ,in general           
,subsection 7b7 of section #ecj of the  
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#e7          
,adjustment for inflation ,in the case  
of a taxable year beginning in a        
calendar year after #bjab1 the dollar   
amount in paragraph 7#a77;,a77iii7 shall
 be increased by an amount equal to--   
7,a7 such amount1 multiplied by  7,b7   
the cost-of-living adjustment determined
 under section #a7;f77#c7 for such      
calendar year by substituting #8calendar
 year #bjaa' for #8calendar year #aiib' 
in subparagraph 7,b7 thereof4  4  7b7   
,effective ,date ,the amendment made by 
this section shall apply to taxable     
years beginning after ,december #ca1    

#bjab4