,,ii  #aac? ,,congress  #a/ ,session    
,s4 #hf  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$
 ,,/ates  ,janu>y #bc 7legislative day1 
,janu>y #c71 #bjac ,mr4 ,vitt] introduc$
 ! foll[+ bill2 :i* 0 read twice &      
ref]r$ to ! ,committee on ,f9ance  ,a   
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to exp& ! ,cov]dell       
education sav+s acc\nts to all[ home    
s*ool education exp5ses1 & = o!r        
purposes4  #a4 ,all[ance ( home s*ool   
exp5ses z qualifi$ education exp5ses =  
purposes ( a ,cov]dell ,education ,sav+s
 ,acc\nt  7a7 ,9 ,g5]al ,p>agraph 7#c7 (
 section #ecj7;b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new subp>agraph3  7,c7 ,private
 s*ool ,= purposes ( ?is section1 ! t]m 
#8private s*ool' includes any home s*ool
 t meets ! requirem5ts ( ,/ate law      
applicable to su* home s*ools1 :e!r or n
 su* s*ool is deem$ a private s*ool =   
purposes ( ,/ate law4  4  7b7 ,effective
 ,date ,! am5dm5t made by ?is section   
%all apply to taxable ye>s beg9n+ aft]  

,decemb] #ca1 #bjab4  #b4 ,cov]dell     
,education ,sav+s ,acc\nt contributions 
index$ to inflation  7a7 ,9 g5]al       
,subsection 7b7 ( section #ecj ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#e7 ,adju/m5t = inflation ,9 ! case ( a
 taxable ye> beg9n+ 9 a cal5d> ye> aft] 
#bjab1 ! doll> am\nt 9 p>agraph         
7#a77;,a77iii7 %all be increas$ by an   
am\nt equal to--  7,a7 su* am\nt1       
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = su*    
cal5d> ye> by sub/itut+ #8cal5d> ye>    
#bjaa' = #8cal5d> ye> #aiib' 9          
subp>agraph 7,b7 !re(4  4  7b7          
,effective ,date ,! am5dm5t made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjab4