,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bhc  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #d1 #bjag,ms4 
,/efanik introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ )\t p5alty any   
#ebi plan di/ributions us$ = /ud5t loan 
paym5ts4  #a4 ,%ort title ,?is ,act may 
be cit$ z ! ,/ud5t ,debt ,repaym5t      
,fairness ,act4  #b4 ,/ud5t loan paym5ts
 f qualifi$ tuition plans n subject to  
p5alty tax  7a7 ,9 g5]al ,section       
#ebi7;c77#f7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$--  7#a7 by ins]t+ 7,a7 
,9 g5]al4-- be=e ,! tax & mov+ ! text #b
 ems to ! "r2 &  7#b7 by add+ at ! end !
 foll[+3  7,b7 ,/ud5t loans  7i7 ,9     
g5]al ,subp>agraph 7,a7 %all n apply to 
any paym5t or di/ribution 9 any taxable 
ye> :i* is includible 9 gross income &  
is us$ to pay pr9cipal or int]e/ on     
indebt$ness incurr$ solely to pay       
qualifi$ high] education exp5ses ( !    
designat$ b5efici>y or memb] ( ! family 

( ! designat$ b5efici>y :i* are         
attributable to education furni%$ dur+ a
 p]iod dur+ :i* ! b5efici>y or family   
memb] 0 a /ud5t at ! in/itution provid+ 
su* education4  7ii7 ,ref9anc$ loans ,= 
purposes ( clause 7i71 ! t]m indebt$ness
 includes indebt$ness us$ to ref9ance   
indebt$ness describ$ 9 clause 7i74  4   
7b7 ,effective date ,! am5dm5t made by  
subsection 7a7 %all apply to paym5ts    
made 9 taxable ye>s beg9n+ aft] ,decemb]
 #ca1 #bjaf4