,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #ahja  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #ae1 #bjae ,ms4
 ,kelly ( ,ill9ois introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[ a
 tax cr$it = provid+ programs to        
k9d]g>t51 elem5t>y1 & second>y /ud5ts t 
promote economic & f9ancial lit]acy4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,promot+ ,f9ancial ,lit]acy &         
,economic ,opportunity ,act ( #bjae4    
#b4 ,tax cr$it = provid+ programs =     
/ud5ts t promote economic & f9ancial    
lit]acy  7a7 ,9 g5]al ,subp>t ,d ( "p   
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf 7relat+  
to bus9ess-relat$ cr$its7 is am5d$ by   
add+ at ! end ! foll[+ new section3     
#de,s4 ,excell5ce 9 economic education  
7a7 ,g5]al rule ,9 ! case ( an eligible 
= pr(it organization1 = purposes (      
section #ch1 ! excell5ce 9 economic     
education cr$it det]m9$ "u ?is section =

 a taxable ye> is #ej p]c5t ( ! am\nt   
paid or incurr$ dur+ ! taxable ye> to   
c>ry out ! purposes specifi$ 9 section  
#eecc7;b7 ( ! ,elem5t>y & ,second>y     
,education ,act ( #aife 7#bj ,u4,s4,c4  
#gbfg;b7b77 pursuant to a qualifi$      
program4  7b7 ,limitation on numb] (    
cr$it recipi5ts  7#a7 ,9 g5]al ,!       
excell5ce 9 economic education cr$it    
det]m9$ "u ?is section = a taxable ye>  
may be all[$ to n m ?an #bj = pr(it     
organizations 9 accordance ) p>agraph   
7#b74  7#b7 ,cr$it aw>d by ,secret>y    
7,a7 ,9 g5]al ,! ,secret>y 79           
consultation ) ! ,secret>y ( ,education7
 %all det]m9e :i* = pr(it organizations 
are all[$ ! cr$it "u ?is section = a    
taxable ye> 9 su* mann] z ! ,secret>y   
det]m9es appropriate4  7,b7 ,majority ( 
recipi5ts mu/ be ,m,w,o,s,bs1 own$ by   
vet]ans1 or meet asset te/ ,9 c>ry+ out 
subp>agraph 7,a71 ! majority ( !        
taxpay]s all[$ a cr$it "u p>agraph 7#a7 
= a taxable ye> %all be entities t are--
  7i7 ei!r-- 7,i7 a socially &          

economically disadvantag$ small bus9ess 
conc]n 7z def9$ 9 section               
#h7;a77#d77;,a7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcg7;a77#d77;,a7771    
7,,ii7 a small bus9ess conc]n own$ &    
controll$ by wom5 7z def9$ "u section   
#c7n7 ( su* ,act 7#ae ,u4,s4,c4         
#fcb7n7771 or  7,,iii7 a small bus9ess  
conc]n 7z s def9$7 t is at lea/ #ea     
p]c5t own$ by vet]ans 7z def9$ 9 section
 #aja7b71 ,unit$ ,/ates ,code71 or  7ii7
 on ! fir/ day ( ! taxable ye> d n h m  
?an #fj1jjj1jjj1jjj 9 assets4  7,c7     
,priority ,9 mak+ det]m9ations "u ?is   
p>agraph1 ! ,secret>y %all give priority
 to taxpay]s t h qualifi$ programs :i*  
s]ve ei!r urban or rural und]s]v$ areas 
7det]m9$ on ! basis ( ! mo/ rec5t ,unit$
 ,/ates c5sus data available74  7c7     
,limitations relat+ to exp5ditures  7#a7
 ,direct activity #be p]c5t ( ! am\nt   
all[$ z a cr$it "u subsection 7a7 %all  
be = am\nts paid or incurr$ = direct    
activities 7z def9$ 9 section           
#eecc7;b77#a7 ( ! ,elem5t>y & ,second>y 

,education ,act ( #aife 7#bj ,u4,s4,c4  
#gbfg;b7b77#a7774  7#b7 ,subgrants #ge  
p]c5t ( ! am\nt all[$ z a cr$it "u      
subsection 7a7 %all be = am\nts paid or 
incurr$ = subgrants 7z def9$ 9 section  
#eecc7;b77#b7 ( ! ,elem5t>y & ,second>y 
,education ,act ( #aife 7#bj ,u4,s4,c4  
#gbfg;b7b77#a7771 det]m9$ by treat+     
am\nts s paid or incurr$ z funds made   
available ?r\gh a grant4  7d7           
,def9itions & special rules ,= purposes 
( ?is section-- 7#a7 ,qualifi$ program  
,! t]m qualifi$ program means a program 
9 writ+ "u :i* an eligible = pr(it      
organization aw>ds "o or m grants = !   
purpose ( c>ry+ out ! objectives (      
promot+ economic & f9ancial lit]acy1 z  
specifi$ 9 section #eecb ( ! ,elem5t>y &
 ,second>y ,education ,act ( #aife 7#bj 
,u4,s4,c4 #gbfg;a71 t meet ! requirem5ts
 ( section #eecc;b ( ! ,elem5t>y &      
,second>y ,education ,act ( #aife 7#bj  
,u4,s4,c4 #gbfg;b74  7#b7 ,eligible =   
pr(it organization ,! t]m eligible =    
pr(it organization means ) respect to a 

taxable ye>1 an organization t-- 7,a7   
has a qualifi$ program 9 effect = !     
taxable ye>1 &  7,b7 has be5 det]m9$ by 
! ,secret>y "u subsection 7b77#b7 to be 
an organization to :om ! cr$it is all[$ 
= ! taxable ye>4  7#c7 ,det]m9ation (   
assets ,= purposes ( p>agraph 7#b77;,b71
 9 det]m9+ assets1 ! ,secret>y %all use 
! same me?od us$ by ! ,bo>d ( ,gov]nors 
( ! ,f$]al ,res]ve ,sy/em to det]m9e a  
bank hold+ company's consolidat$ assets 
"u section #afe ( ! ,f9ancial ,/ability 
,act ( #bjaj 7#ab ,u4,s4,c4 #ecfe74     
7#d7 ,election n to claim cr$it ,?is    
section %all n apply to a taxpay] = any 
taxable ye> if su* taxpay] elects to h  
?is section n apply = su* taxable ye>4  
7#e7 ,coord9ation ) o!r d$uctions or    
cr$its ,! am\nt ( any d$uction or cr$it 
o!rwise all[able "u ?is *apt] = any     
am\nt tak5 into acc\nt = purposes (     
subsection 7a7 %all be r$uc$ by ! cr$it 
all[$ by ?is section4  7e7 ,regulations 
,! ,secret>y %all issue su* regulations 
or o!r guidance z may be necess>y or    

appropriate to c>ry out ?is section4  4 
7b7 ,cr$it made "p ( g5]al bus9ess cr$it
 ,subsection 7b7 ( section #ch ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ plus at ! end ( p>agraph 7#ce71
 by /rik+ ! p]iod at ! end ( p>agraph   
7#cf7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cg7 !     
excell5ce 9 economic education cr$it    
det]m9$ "u section #de,s7a74  4  7c7    
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,d ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new item3  ,sec4 #de,s4 ,excell5ce 9   
economic education4  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4