,,ii  #aadth ,,congress  #b;d ,session  
,s4 #bhfi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #bh1    
#bjaf ,mr4 ,burr 7for himself1 ,mr4     
,casey1 ,ms4 ,murkowski1 and ,ms4       
,ayotte7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to improve college savings under  
section #ebi programs1 and for other    
purposes4  #a4 ,short title  ,this ,act 
may be cited as the ,boost ,saving for  
,college ,act4  #b4 ,credit for         
contributions to #ebi plans  7a7 ,in    
general ,subsection 7d7 of section      
#be;,b of the ,internal ,revenue ,code  
of #aihf 7relating to elective deferrals
 and ,,ira contributions by certain     
individuals7 is amended by redesignating
 paragraph 7#b7 as paragraph 7#c7 and by
 inserting after paragraph 7#a7 the     
following new paragraph3  7#b7          
,contributions to qualified tuition     
programs  7,a7 ,in general ,the term    

qualified savings contribution includes 
the amount of any purchase or           
contribution described in paragraph     
7#a77;,a7 of section #ebi7;b7 to a      
qualified tuition program 7as defined in
 such section7 if--  7i7 the taxpayer   
has the power to authorize distributions
 and otherwise administer the account1  
and  7ii7 the designated beneficiary of 
such purchase or contribution is the    
taxpayer1 the taxpayer's spouse1 or an  
individual with respect to whom the     
taxpayer is allowed a deduction under   
section #aea4  7,b7 ,limitation based on
 compensation ,the amount treated as a  
qualified savings contribution by reason
 of subparagraph 7,a7 for any taxable   
year shall not exceed the sum of--  7i7 
the compensation 7as defined in section 
#bai7;f77#a77 includible in the         
taxpayer's gross income for the taxable 
year1 and  7ii7 the amount excluded from
 the taxpayer's gross income under      
section #aab 7relating to combat pay7   
for such year4  7,c7 ,determination of  

adjusted gross income ,solely for       
purposes of determining the applicable  
percentage under subsection 7b7 which   
applies with respect to the amount      
treated as a qualified savings          
contribution by reason of subparagraph  
7,a71 adjusted gross income 7determined 
without regard to this subparagraph7    
shall be increased by the excess 7if    
any7 of--  7i7 the social security      
benefits received during the taxable    
year 7within the meaning of section     
#hf71 over  7ii7 the amount included in 
gross income for such year under section
 #hf4  4  7b7 ,conforming amendments    
7#a7 ,section #be;,b of such ,code is   
amended by striking qualified retirement
 savings each place it appears in the   
text and inserting qualified savings4   
7#b7 ,the subsection heading for section
 #be;,b7d7 of such ,code is amended by  
striking retirement4  7#c7 ,subparagraph
 7,a7 of section #be;,b7d77#c7 of such  
,code1 as redesignated by subsection    
7a71 is amended--  7,a7 by striking     

paragraph 7#a7 the first place it       
appears and inserting paragraph 7#a7 or 
7#b71 and  7,b7 by striking paragraph   
7#a7 the second place it appears and    
inserting paragraph 7#a71 or 7#b71 as   
the case may be14  7#d7 ,the heading for
 section #be;,b of such ,code is amended
 by striking and ,,ira contributions and
 inserting 1 ,,ira contributions1 and   
qualified tuition program contributions4
  7#e7 ,the table of sections for       
subpart ,a of part ,,iv of subchapter ,a
 of chapter #a of such ,code is amended 
by striking the item relating to section
 #be;,b and inserting the following new 
item3  ,sec4 #be;,b4 ,elective          
deferrals1 ,,ira contributions1 and     
qualified tuition program contributions 
by certain individuals44  7c7 ,effective
 date ,the amendments made by this      
section shall apply to contributions    
made after ,december #ca1 #bjaf1 in     
taxable years ending after such date4   
#c4 ,exclusion from gross income for    
employer contributions to qualified     

tuition programs  7a7 ,in general ,part 
,,iii of subchapter ,b of chapter #a of 
the ,internal ,revenue ,code of #aihf   
7relating to items specifically excluded
 from gross income7 is amended by       
inserting after section #abg the        
following new section3  #abg;,a4        
,employer contributions to qualified    
tuition programs  7a7 ,in general ,gross
 income of an employee does not include 
amounts paid by the employer as         
contributions to a qualified tuition    
program held by the employee or spouse  
of the employee if the contributions are
 made pursuant to a program which is    
described in subsection 7c74  7b7       
,maximum exclusion  7#a7 ,in general    
,the amount excluded from the gross     
income of an employee under this section
 for the taxable year shall not exceed  
#a1jjj4  7#b7 ,inflation adjustment     
7,a7 ,in general ,in the case of any    
taxable year beginning in a calendar    
year after #bjaf1 the #a1jjj amount     
contained in paragraph 7#a7 shall be    

increased by an amount equal to--  7i7  
such dollar amount1 multiplied by  7ii7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 determined by substituting      
calendar year #bjae for calendar year   
#aiib in subparagraph 7,b7 thereof4     
7,b7 ,rounding ,any increase determined 
under subparagraph 7,a7 shall be rounded
 to the nearest multiple of #ej4  7c7   
,qualified tuition assistance program   
,for purposes of this section1 a        
qualified tuition assistance program is 
a separate written plan of an employer  
for the benefit of such employer's      
employees--  7#a7 under which the       
employer makes matching contributions to
 qualified tuition programs of--  7,a7  
such employees1  7,b7 their spouses1 or 
7,c7 any individual with respect to whom
 such an employee or spouse--  7i7 is   
allowed a deduction under section #aea1 
and  7ii7 has the power to authorize    
distributions and otherwise administer  

such individual's account under the     
qualified tuition program1 and  7#b7    
which meets requirements similar to the 
requirements of paragraphs 7#b71 7#c71  
7#d71 7#e71 and 7#f7 of section         
#abg7;b74  7d7 ,definitions and special 
rules ,for purposes of this section--   
7#a7 ,qualified tuition program ,the    
term qualified tuition program means a  
qualified tuition program as defined in 
section #ebi7;b74  7#b7 ,employee and   
employer ,the terms employee and        
employer shall have the meaning given   
such terms by paragraphs 7#b7 and 7#c71 
respectively1 of section #abg7;c74  7#c7
 ,applicable rules ,rules similar to the
 rules of paragraphs 7#d71 7#e71 7#f71  
and 7#g7 of section #abg7;c7 shall      
apply4  7e7 ,cross reference ,for       
reporting and recordkeeping             
requirements1 see section #fjci;,d4  4  
7b7 ,exclusion from employment taxes    
7#a7 ,sections #caba7;a77#ah71          
#ccjf7;b77#ac71 and #cdja7;a77#ah7 of   
such ,code are each amended by inserting

 #abg;,a1 after #abg1 each place it     
appears4  7#b7 ,section #cbca7;e77#f7 of
 such ,code is amended by striking      
section #abg and inserting section #abg 
or #abg;,a4  7c7 ,reporting and         
recordkeeping requirements ,section     
#fjci;,d7d77#a7 of such ,code is amended
 by inserting #abg;,a1 after #abg14  7d7
 ,other conforming amendments  7#a7     
,sections #abe7;f71 #dad7n77#c77;,c71   
and #dad7t77#b7 of such ,code are each  
amended by inserting #abg;,a1 after     
#abg1 each place it appears4  7#b7      
,section #acb7;j77#h7 of such ,code is  
amended by striking section #abg and    
inserting section #abg or #abg;,a4  7#c7
 ,section #bba7;d77#b77;,a7 of such     
,code is amended by inserting #abg;,a1  
after #abg4  7#d7 ,section              
#acig7;a77#b77;,a7 of such ,code is     
amended by inserting at the end the     
following new clause3  7iii7 ,any amount
 paid or incurred by an employer which  
is excludable from the gross income of  
an employee under section #abg;,a1 but  

only to the extent paid or incurred to a
 person not related to the employer4  4 
7#e7 ,section #bji7;a77#ae7 of the      
,social ,security ,act 7#db ,u4,s4,c4   
#dji7;a77#ae77 is amended by striking or
 #abi and inserting 1 #abg;,a1 or #abi4 
7e7 ,clerical amendment ,the table of   
sections for part ,,iii of subchapter ,b
 of chapter #a of such ,code is amended 
by inserting after the item relating to 
section #abg the following new item3    
,sec4 #abg;,a4 ,employer contributions  
to qualified tuition programs44  7f7    
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjaf4  #d4 ,special rollover to ,roth  
,,ira from long-term qualified tuition  
program  7a7 ,in general ,paragraph 7#c7
 of section #ebi7;c7 of the ,internal   
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subparagraph3  7,e7 ,special rollover to
 ,roth ,,ira from long-term qualified   
tuition program ,for purposes of this   

section-- 7i7 ,in general ,in the case  
of a distribution from a qualified      
tuition program which has been          
maintained by an account owner for the  
#aj-year period ending on the date of   
such distribution--  7,i7 subparagraph  
7,a7 shall not apply to any portion of  
such distribution which1 not later than 
#fj days after such distribution1 is    
paid into a ,roth ,,ira maintained for  
the benefit of such account owner or the
 designated beneficiary under such      
qualified tuition program1 and  7,,ii7  
such portion shall be treated as a      
rollover contribution for purposes of   
section #djh;,a7e74  7ii7 ,limitation   
,clause 7i7 shall only apply to so much 
of any distribution as does not exceed  
the lesser of--  7,i7 the amount        
applicable to the account owner under   
section #djh;,a7c77#b7 for the taxable  
year1 or  7,,ii7 the aggregate amount   
contributed to the program 7and earnings
 attributable thereto7 before the       
#e-year period ending on the date of the

 distribution4  4  7b7 ,qualified       
rollover contribution ,paragraph 7#a7 of
 section #djh;,a7e7 of such ,code is    
amended by striking the period at the   
end of subparagraph 7,b7 and inserting 1
 and and by inserting after subparagraph
 7,b7 the following new subparagraph3   
7,c7 from a qualified tuition program to
 the extent provided in section         
#ebi7;c77#c77;,e74  4  7c7 ,effective   
date ,the amendments made by this       
section shall apply with respect to     
distributions after ,december #ca1      
#bjaf4  #e4 ,rollovers to ,,able        
programs from #ebi programs  7a7 ,in    
general ,clause 7i7 of section          
#ebi7;c77#c77;,c7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking or at the end of subclause     
7,i71 by striking the period at the end 
of subclause 7,,ii7 and inserting 1 or1 
and by adding at the end the following3 
7,,iii7 to an ,,able account 7as defined
 in section #ebi;,a7e77#f77 of the      
designated beneficiary4  ,subclause     

7,,iii7 shall not apply to so much of a 
distribution which1 when added to all   
other contributions made to the ,,able  
account for the taxable year1 exceeds   
the limitation under section            
#ebi;,a7b77#b77;,b74 4  7b7 ,effective  
date ,the amendments made by this       
section shall apply to distributions    
after the date of the enactment of this 
,act4