,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #eaia  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #aa1 #bjaf ,mr4  
,dold introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide inc5tives =   
employ]s to e/abli% /ud5t loan repaym5t 
programs & to make contributions to     
qualifi$ tuition programs on behalf (   
*ildr5 ( employees4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,high]        
,education ,loan ,paym5ts = ,/ud5ts &   
,p>5ts ,act or ! ,,help = ,/ud5ts &     
,p>5ts ,act4  #b4 ,exclusion = employ]  
paym5t ( qualifi$ education loans &     
c]ta9 qualifi$ tuition plan             
contributions  7a7 ,9 g5]al ,section    
#abg7;c77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ & at ! end (  
subp>agraph 7,a71 by r$esignat+         
subp>agraph 7,b7 z subp>agraph 7,d71 &  
by ins]t+ aft] subp>agraph 7,a7 ! foll[+
 new subp>agraphs3  7,b7 ! paym5t by an 
employ] ( pr9cipal or int]e/ on any     

qualifi$ education loan 7z def9$ 9      
section #bba7;d77#a77 incurr$ by !      
employee1  7,c7 any qualifi$ dep5d5t    
#ebi contributions 7z def9$ 9 section   
#de,s7d77 made by ! employ]1 &  4  7b7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to paym5ts made by   
employ]s aft] ,decemb] #ca1 #bjaf4  #c4 
,employ] provid$ high] education        
assi/ance cr$it  7a7 ,9 g5]al ,subp>t ,d
 ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#de,s4 ,employ]-provid$ high] education 
assi/ance cr$it  7a7 ,9 g5]al ,=        
purposes ( section #ch1 !               
employ]-provid$ high] education         
assi/ance cr$it det]m9$ "u ?is section =
 ! taxable ye> is an am\nt equal to !   
sum (--  7#a7 #ej p]c5t ( ! /ud5t loan  
repaym5t exp5ditures ( ! taxpay] = !    
taxable ye>1 &  7#b7 #ej p]c5t ( !      
qualifi$ dep5d5t #ebi contributions made
 by ! taxpay] = ! taxable ye>4  7b7     
,doll> limitation ,! am\nt tak5 into    

acc\nt "u ea* ( p>agraphs 7#a7 & 7#b7 ) 
respect to any employee = any taxable   
ye> %all n exce$ #e1bej4  7c7 ,/ud5t    
loan repaym5t exp5diture ,= purposes (  
?is section1 ! t]m /ud5t loan repaym5t  
exp5diture means any am\nt paid by an   
employ] = pr9cipal or int]e/ on any     
qualifi$ education loan 7z def9$ 9      
section #bba7;d77#a77 incurr$ by an     
employee4  7d7 ,qualifi$ dep5d5t #ebi   
contribution ,= purposes ( ?is section--
 7#a7 ,9 g5]al ,! t]m qualifi$ dep5d5t  
#ebi contribution means any am\nt       
contribut$ by an employ] to a qualifi$  
tuition program ! designat$ b5efici>y ( 
:i* is a qualify+ *ild ( an employee4   
7#b7 ,qualify+ *ild ,! t]m qualify+ *ild
 means a *ild :o-- 7,a7 has n atta9$ !  
age ( #ai at ! "t ( ! contribution1 or  
7,b7 is a /ud5t :o has n atta9$ ! age ( 
#bd at ! "t ( ! contribution4  7e7      
,special rules  7#a7 ,self-employ$      
individuals ,! t]m employee includes =  
any ye>1 an individual :o is an employee
 )9 ! mean+ ( section #dja7;c77#a7      

7relat+ to self-employ$ individuals74   
7#b7 ,employ] ,an individual :o owns !  
entire int]e/ 9 an un9corporat$ trade or
 bus9ess %all be treat$ z 8 own employ]4
 ,a p>tn]%ip %all be treat$ z ! employ] 
( ea* p>tn] :o is an employee )9 ! mean+
 ( p>agraph 7#b74  4  7b7 ,cr$it "p (   
g5]al bus9ess cr$it ,section #ch7;b7 (  
su* ,code 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 ! employ]-provid$ high]
 education assi/ance cr$it det]m9$ "u   
section #de,s4  4  7c7 ,d5ial ( d$uction
 ,section #bhj;,c ( su* ,code is am5d$  
by add+ at ! end ! foll[+ new           
subsection3  7j7 ,employ]-,provid$ high]
 education assi/ance cr$it ,no d$uction 
%all be all[$ = t portion ( ! /ud5t loan
 repaym5t exp5ditures 7z def9$ 9 section
 #de,s7c77 & qualifi$ dep5d5t #ebi      
contributions 7z def9$ 9 section        
#de,s7d77 o!rwise all[able z a d$uction 
= ! taxable ye> :i* is equal to ! am\nt 

( ! cr$it det]m9$ = su* taxable ye> "u  
section #de,s ) respect to any su*      
exp5ditures or contributions1 z ! case  
may be4  4  7d7 ,cl]ical am5dm5t ,!     
table ( sections = subp>t ,d ( "p ,,iv (
 sub*apt] ,a ( *apt] #a ( su* ,code is  
am5d$ by add+ at ! end ! foll[+ new     
item3  ,sec4 #de,s4 ,employ]-provid$    
high] education assi/ance cr$it4  4  7e7
 ,effective date ,! am5dm5ts made by ?is
 section %all apply to taxable ye>s     
beg9n+ aft] ,decemb] #ca1 #bjaf4