,i #aae? ,,congress #a/ ,session ,h4 ,r4 #fge ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bd1 #bjag,mr4 ,mc,henry introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to exp& ! cov]age ( qualifi$ tuition programs & increase ! limitation on contributions to ,cov]dell education sav+s acc\nts4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,emp[]+ ,p>5ts to ,inve/ 9 ,*oice ,act ( #bjag4 #b4 ,qualifi$ tuition programs ext5d$ to cov] elem5t>y & second>y education exp5ses 7a7 ,9 g5]al ,section #ebi7;e77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#c7 ,qualifi$ education exp5ses 7,a7 ,9 g5]al ,! t]m qualifi$ education exp5ses means-- 7i7 qualifi$ elem5t>y & second>y education exp5ses 7z def9$ 9 subp>agraph 7,b771 & 7ii7 qualifi$ high] education exp5ses 7z def9$ 9 subp>agraph 7,c774 7,b7 ,qualifi$ elem5t>y & second>y education exp5ses 7i7 ,9 g5]al ,! t]m qualifi$ elem5t>y & second>y education exp5ses means-- 7,i7 exp5ses = tuition1 fees1 academic tutor+1 special ne$s s]vices 9 ! case ( a special ne$s b5efici>y1 books1 supplies1 & o!r equipm5t :i* are incurr$ 9 connection ) ! enrollm5t or att5dance ( ! designat$ b5efici>y ( ! tru/ z an elem5t>y or second>y s*ool /ud5t at a public1 private1 or religi\s s*ool1 7,,ii7 exp5ses = room & bo>d1 uni=ms1 transportation1 & supplem5t>y items & s]vices 7includ+ ext5d$ day programs7 :i* are requir$ or provid$ by a public1 private1 or religi\s s*ool 9 connection ) su* enrollm5t or att5dance1 & 7,,iii7 exp5ses = ! pur*ase ( any comput] te*nology or equipm5t 7z def9$ 9 section #agj7;e77#f77;,f77i77 or ,int]net access & relat$ s]vices1 if su* te*nology1 equipm5t1 or s]vices are to be us$ by ! b5efici>y & ! b5efici>y's family dur+ any ( ! ye>s ! b5efici>y is 9 s*ool4 ,subclause 7,,iii7 %all n include exp5ses = comput] s(tw>e design$ = sports1 games1 or hobbies unless ! s(tw>e is pr$om9antly educational 9 nature4 7ii7 ,s*ool ,! t]m s*ool means any s*ool :i* provides elem5t>y education or second>y education 7k9d]g>t5 ?r\gh grade #ab71 z det]m9$ "u ,/ate law4 7,c7 ,qualifi$ high] education exp5ses 7i7 ,9 g5]al ,! t]m qualifi$ high] education exp5ses means-- 7,i7 tuition1 fees1 books1 supplies1 & equipm5t requir$ = ! enrollm5t or att5dance ( a designat$ b5efici>y at an eligible educational in/itution1 & 7,,ii7 exp5ses = special ne$s s]vices 9 ! case ( a special ne$s b5efici>y :i* are incurr$ 9 connection ) su* enrollm5t or att5dance4 7ii7 ,room & bo>d includ$ = /ud5ts :o are at lea/ half-"t ,9 ! case ( an individual :o is an eligible /ud5t 7z def9$ 9 section #be;,a7b77#c77 = any academic p]iod1 su* t]m %all also include reasonable co/s = su* p]iod 7z det]m9$ "u ! qualifi$ tuition program7 incurr$ by ! designat$ b5efici>y = room & bo>d :ile att5d+ su* in/itution4 ,= purposes ( subsection 7b77#f71 a designat$ b5efici>y %all be treat$ z meet+ ! requirem5ts ( ?is clause4 7iii7 ,limitation on room & bo>d includ$ = /ud5ts :o are at lea/ half-"t ,! am\nt treat$ z qualifi$ high] education exp5ses by reason ( clause 7ii7 %all n exce$-- 7,i7 ! all[ance 7applicable to ! /ud5t7 = room & bo>d includ$ 9 ! co/ ( att5dance 7z def9$ 9 section #dgb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhgll71 z 9 effect on ! date ( ! enactm5t ( ! ,economic ,gr[? & ,tax ,relief ,reconciliation ,act ( #bjja7 z det]m9$ by ! eligible educational in/itution = su* p]iod1 or 7,,ii7 if great]1 ! actual invoice am\nt ! /ud5t resid+ 9 h\s+ own$ or op]at$ by ! eligible educational in/itution is *>g$ by su* in/itution = room & bo>d co/s = su* p]iod4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #gb7t77#g77;,a7 ( su* ,code is am5d$ by /rik+ #ebi7;e77#c7 & ins]t+ #ebi7;e77#c77;,c74 7#b7 ,section #ebi7;c77#c77;,b7 ( su* ,code is am5d$ by /rik+ qualifi$ high] education exp5ses 9 ! head+ !re( & ins]t+ qualifi$ education exp5ses4 7#c7 ,section #ebi7;c77#c77;,b77i7 ( su* ,code is am5d$ by /rik+ qualifi$ high] education exp5se & ins]t+ qualifi$ education exp5se4 7#d7 ,section #ebi ( su* ,code is am5d$ by /rik+ qualifi$ high] education exp5ses ea* place x appe>s & ins]t+ qualifi$ education exp5ses 9 ea* ( ! foll[+3 7,a7 ,subsection 7b77#a77;,a77i74 7,b7 ,subsection 7b77#a77;,a77ii74 7,c7 ,subsection 7b77#f74 7,d7 ,subsection 7c77#c77;,b77ii77,i74 7,e7 ,subsection 7c77#c77;,b77v74 7,f7 ,subsection 7c77#c77;,b77vi77,,ii74 7,g7 ,subsection 7c77#f74 7#e7 ,section #ecj7;b7 ( su* ,code is am5d$ by /rik+ p>agraphs 7#b7 & 7#c7 & r$esignat+ p>agraph 7#d7 z p>agraph 7#b74 7#f7 ,section #adjj,o7#a7 ( su* ,code is am5d$ by /rik+ #ebi7;e77#c7 & ins]t+ #ebi7;e77#c77;,c74 7c7 ,effective ,date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4 #c4 ,increas$ limitation on contributions to ,cov]dell education sav+s acc\nts 7a7 ,9 g5]al ,section #ecj7;b77#a77;,a77iii7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #b1jjj & ins]t+ #ab1jjj4 7b7 ,inflation ,adju/m5t ,section #ecj ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7i7 ,inflation ,adju/m5t 7#a7 ,9 g5]al ,9 ! case ( any taxable ye> beg9n+ aft] #bjad1 ! #ab1jjj am\nt conta9$ 9 subsection 7b77#a77;,a77iii7 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ cal5d> ye> #bjad = cal5d] ye> #aiib 9 subp>agraph 7,b7 !re(4 7#b7 ,r\nd+ rule ,any increase det]m9$ "u ! prec$+ s5t5ce %all be r\nd$ to ! ne>e/ multiple ( #ajj4 4 7c7 ,effective ,date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4