,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #fbcg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bh1        
#bjaf,mr4 ,danny ,k4 ,davis ( ,ill9ois  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to coord9ate ! r$uction 9 
! ,am]ican ,opportunity ,tax ,cr$it )   
,f$]al ,pell ,grants1 to ! ext5t su*    
grants are attributable to exp5ses n    
eligible = su* cr$it1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,am]ican ,opportunity ,tax ,cr$it     
,re=m ,act4  #b4 ,am]ican ,opportunity  
,tax ,cr$it coord9ation ) ,pell grants  
7a7 ,9 g5]al ,section #be;,a7i7 ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#h7 ,coord9ation ) ,pell ,grants n us$ 
= qualifi$ tuition & relat$ exp5ses ,=  
purposes ( ?is subsection1 any am\nt    
det]m9$ ) respect to an individual "u   
subsection 7g77#b7 :i* is attributable  
to a ,f$]al ,pell ,grant "u section #dja

 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajgj;a7 %all be r$uc$ 7b n  
bel[ z]o7 by ! am\nt ( exp5ses 7o!r ?an 
qualifi$ tuition & relat$ exp5ses7 :i*  
are tak5 into acc\nt 9 det]m9+ ! co/ (  
att5dance 7z def9$ 9 section #dgb ( !   
,high] ,education ,act ( #aife1 z 9     
effect on ! date ( ! enactm5t ( ?is     
p>agraph7 ( su* individual at an        
eligible educational in/itution = !     
academic p]iod = :i* ! cr$it "u ?is     
section is be+ det]m9$4  4  7b7         
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjaf4  #c4   
,expansion ( ,pell ,grant exclusion f   
gross income  7a7 ,9 g5]al ,section     
#aag7;b77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$-- 7#a7 by /rik+ ! p]iod
 at ! end & ins]t+ 1 or1  7#b7 by /rik+ 
receiv$ by an individual z a s*ol>%ip & 
ins]t+ ! foll[+3 receiv$ by an          
individual--  7,a7 z a s*ol>%ip  1 &    
7#c7 by add+ at ! end ! foll[+ new      
subp>agraph3  7,b7 z a ,f$]al ,pell     

,grant "u section #dja ( ! ,high]       
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajgj;a74  4  7b7 ,effective date ,!    
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjaf4