,,ii  #aad? ,,congress  #a/ ,session    
,s4 #adac  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ba1 #bjae ,mr4   
,coats 7= himself & ,mr4 ,hat*7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to improve        
compliance 9 high] education tax        
b5efits4  #a4 ,%ort title  ,?is ,act may
 be cit$ z ! ,high] ,education ,tax     
,b5efit ,compliance ,improvem5t ,act4   
#b4 ,waiv] ( p5alties = c]ta9 failures  
relat+ to in=mation returns = high]     
education tuition & relat$ exp5ses  7a7 
,9 g5]al ,section #fgbd ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new subsection3  7f7  
,special rules = returns relat$ to high]
 education tuition & relat$ exp5ses     
,section #fgba %all n apply to any      
failure by an eligible educational      
in/itution 7z def9$ 9 section #be;,a7 to
 provide ! ,,t9 ( an individual describ$
 9 section #fjej,s7b77#b77;,a7 on any   

in=mation return describ$ 9 subsection  
7d77#a77;,b77xii7 if ! p]son requir$ to 
file ! return c]tifies "u p5alty (      
p]jury t su* p]son has compli$ ) /&>ds  
promulgat$ by ! ,secret>y = obta9+ !    
individual's ,,t91 unless x is %[n t su*
 c]tification is mat]ially untrue4  4   
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to returns fil$  
aft] ! date ( ! enactm5t ( ?is ,act4    
#c4 ,payee /atem5t requir$ to claim     
c]ta9 education tax b5efits  7a7        
,am]ican ,opportunity cr$it1 ,hope      
,s*ol>%ip ,cr$it1 & ,lifetime ,le>n+    
,cr$it  7#a7 ,9 g5]al ,subsection 7g7 ( 
section #be;,a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#h7 ,payee     
/atem5t requirem5t ,no cr$it %all be    
all[$ "u ?is section = any qualifi$     
tuition & relat$ exp5ses paid by !      
taxpay] unless--  7,a7 ! taxpay] has    
receiv$ a /atem5t provid$ "u section    
#fjej,s7d7 :i* conta9s ! ,,t9 ( !       
individual = :om a paym5t ( qualifi$    

tuition & relat$ exp5ses 0 made1 or     
7,b7 9 any case 9 :i*-- 7i7 ! qualifi$  
tuition & relat$ exp5ses are = a c\rse =
 :i* academic cr$it is n (f]$ by !      
eligible educational in/itution1 or     
7ii7 ! eligible educational in/itution  
does n provide ! taxpay] ) a /atem5t    
describ$ 9 subp>agraph 7,a7 ) respect to
 su* qualifi$ tuition & relat$ exp5ses1 
! taxpay] ma9ta9s a record1 9 su* =m &  
mann] z prescrib$ by ! ,secret>y1 %[+ ! 
date & am\nt ( ! exp5ses4  4  7#b7      
,con=m+ am5dm5t ,p>agraph 7#c7 ( section
 #be;,a7g7 ( su* ,code is am5d$ by add+ 
at ! end ! foll[+ flu% s5t5ce3  ,=      
purposes ( p>agraph 7#h71 a /atem5t     
describ$ 9 p>agraph 7#h77;,a7 :i* is    
receiv$ by su* individual %all be treat$
 z receiv$ by su* o!r taxpay]4 4  7b7   
,d$uction = qualifi$ tuition & relat$   
exp5ses  7#a7 ,9 g5]al ,subsection 7d7 (
 section #bbb ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by r$esignat+ p>agraph
 7#f7 z p>agraph 7#g7 & by ins]t+ aft]  
p>agraph 7#e7 ! foll[+ new p>agraph3    

7#f7 ,payee /atem5t requirem5t  ,no     
d$uction %all be all[$ "u ?is section = 
any qualifi$ tuition & relat$ exp5ses   
paid by ! taxpay] unless--  7,a7 !      
taxpay] has receiv$ a /atem5t provid$ "u
 section #fjej,s7d7 :i* conta9s ! ,,t9 (
 ! individual to :om a paym5t ( qualifi$
 tuition & relat$ exp5ses 0 made1 or    
7,b7 9 any case 9 :i*-- 7i7 ! qualifi$  
tuition & relat$ exp5ses are = a c\rse =
 :i* academic cr$it is n (f]$ by !      
eligible educational in/itution1 or     
7ii7 ! eligible educational in/itution  
does n provide ! taxpay] ) a /atem5t    
describ$ 9 subp>agraph 7,a7 ) respect to
 su* qualifi$ tuition & relat$ exp5ses1 
! taxpay] ma9ta9s a record1 9 su* =m &  
mann] z prescrib$ by ! ,secret>y1 %[+ ! 
date & am\nt ( ! exp5ses4  4  7#b7      
,con=m+ am5dm5t ,p>agraph 7#c7 ( section
 #bbb7;c7 ( su* ,code is am5d$ by add+  
at ! end ! foll[+ s5t5ce3 ,= purposes ( 
p>agraph 7#f71 a /atem5t describ$ 9     
p>agraph 7#f77;,a7 :i* is receiv$ by su*
 individual %all be treat$ z receiv$ by 

su* o!r taxpay]44  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft] ! date
 ( ! enactm5t ( ?is ,act4