,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fiha  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bh1        
#bjah,mr4 ,budd introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to exclude f gross
 income ( c]ta9 am\nts receiv$ z p5sions
 by retir$ law en=cem5t (fic]s :o       
volunte] z s*ool res\rce (fic]s4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,s*ool ,security & ,facilities          
,enhancem5t to ,yield ,results ,act (   
#bjah or ! ,s*ool ,,safety ,results ,act
 ( #bjah4  #b4 ,exclusions f income (   
c]ta9 am\nts receiv$ z law en=cem5t     
p5sions by volunte] s*ool res\rce (fic]s
  7a7 ,9 g5]al ,! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by ins]t+ aft] section
 #aci;,g ! foll[+ new section3  #aci;,h4
 ,c]ta9 am\nts receiv$ z law en=cem5t   
p5sions by volunte] s*ool res\rce (fic]s
  7a7 ,9 g5]al ,9 ! case ( a retir$ law 
en=cem5t (fic]1 gross income %all n     
include am\nts receiv$ z a law en=cem5t 

p5sion4  7b7 ,limitations ,! am\nt      
exclud$ f gross income "u subsection 7a7
 ) respect to an individual = a taxable 
ye> %all n exce$ ! less] (--  7#a7 !    
product ( #aj1 multipli$ by ! numb] (   
h\rs su* individual sp5ds p]=m+ qualifi$
 s*ool res\rce s]vice = su* individual  
dur+ su* ye>1 &  7#b7 #b1jjj4  7c7      
,def9itions ,= purposes ( ?is section-- 
7#a7 ,law en=cem5t p5sion ,! t]m law    
en=cem5t p5sion means a p5sion receiv$  
by an individual by reason ( s]vice ) a 
,/ate or local ag5cy z a law en=cem5t   
(fic]4  7#b7 ,retir$ law en=cem5t (fic] 
,! t]m retir$ law en=cem5t (fic] means  
an individual :o is sep>at$ f s]vice 9  
good /&+ f s]vice ) a ,/ate or local    
ag5cy z a law en=cem5t (fic]4  7#c7     
,qualifi$ s*ool res\rce s]vice ,! t]m   
qualifi$ s*ool res\rce s]vice means     
volunte] s]vice z a s*ool res\rce (fic] 
at an elem5t>y s*ool or second>y s*ool  
7z su* t]ms are def9$ 9 section #haja ( 
! ,elem5t>y & ,second>y ,education ,act 
( #aife74  4  7b7 ,cl]ical am5dm5t ,!   

table ( sections = "p ,,iii ( sub*apt]  
,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by ins]t+ aft] ! item 
relat+ to section #aci;,g ! foll[+ new  
item3  ,sec4 #aci;,h4 ,c]ta9 am\nts     
receiv$ z law en=cem5t p5sions by       
volunte] s*ool res\rce (fic]s4  4  7c7  
,effective date ,! am5dm5ts made by ?is 
section %all apply ) respect to taxable 
ye>s beg9n+ aft] ! date ( ! enactm5t (  
?is ,act4