,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dbhf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #aa1        
#bjai,mr4 ,budd introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide a cr$it
 to bus9esses = c]ta9 virtual tra9+     
exp5ses relat$ to elem5t>y & second>y   
s*ool /ud5ts1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,virtual ,appr5tice%ip ,tax ,cr$it ,act 
( #bjai4  #b4 ,cr$it = virtual tra9+    
exp5ses  7a7 ,9 g5]al ,subp>t ,d ( "p   
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#de,t4 ,virtual tra9+ cr$it  7a7        
,all[ance ( cr$it ,= purposes ( section 
#ch1 ! virtual tra9+ cr$it det]m9$ "u   
?is section = ! taxable ye> is an am\nt 
equal to #cj p]c5t ( ! qualifi$ virtual 
tra9+ exp5ses paid or incurr$ by !      
taxpay] dur+ su* taxable ye>4  7b7      
,limitation ,! am\nt ( ! cr$it det]m9$  

"u subsection 7a7 ) respect to any      
taxpay] = any taxable ye> %all n exce$  
#b1ejj4  7c7 ,qualifi$ virtual tra9+    
exp5ses ,= purposes ( ?is section1 ! t]m
 qualifi$ virtual tra9+ exp5ses means   
exp5ses relat$ to develop+ or exp&+ an  
indu/ry-recogniz$ virtual appr5tice%ip  
program = elem5t>y & second>y s*ool     
/ud5ts4  7d7 ,d5ial ( d\ble b5efit ,no  
d$uction or cr$it %all be all[$ "u any  
o!r provision ( ?is *apt] ) respect to !
 am\nt ( ! cr$it det]m9$ "u ?is section4
  4  7b7 ,cr$it made "p ( g5]al bus9ess 
cr$it ,subsection 7b7 ( section #ch ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ plus at ! end ( p>agraph 7#ca71
 by /rik+ ! p]iod at ! end ( p>agraph   
7#cb7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cc7 !     
virtual tra9+ cr$it det]m9$ "u section  
#de,t4  4  7c7 ,cl]ical am5dm5t ,! table
 ( sections = subp>t ,d ( "p ,,iv (     
sub*apt] ,a ( *apt] #a ( su* ,code is   
am5d$ by add+ at ! end ! foll[+ new     
item3  ,sec4 #de,t4 ,virtual tra9+      

cr$it44  7d7 ,effective date ,! am5dm5ts
 made by ?is section %all apply to      
taxable ye>s beg9n+ aft] ! date ( !     
enactm5t ( ?is ,act4