,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fgdi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #h1 #bjbj,mr4    
,doggett 7= himself1 ,mr4 ,fitzpatrick1 
,mr4 ,danny ,k4 ,davis ( ,ill9ois1 ,mr4 
,bey]1 ,mr4 ,bi%op ( ,georgia1 ,mrs4    
,beatty1 ,mr4 ,coh51 ,mr4 ,clay1 ,mr4   
,ru%1 ,mr4 ,tonko1 ,ms4 ,norton1 ,mr4   
,?ompson ( ,mississippi1 ,mr4 ,gre5 (   
,texas1 ,mr4 ,veasey1 ,ms4              
,roybal-,all>d1 ,mrs4 ,watson ,coleman1 
,mrs4 ,c>olyn ,b4 ,maloney ( ,new ,york1
 ,mr4 ,pascrell1 ,ms4 ,kaptur1 ,ms4     
,e%oo1 ,ms4 ,lee ( ,cali=nia1 ,ms4      
,del,bene1 ,mr4 ,ca/ro ( ,texas1 ,mr4   
,rask91 ,mr4 ,takano1 ,mr4              
,kri%namoor?i1 ,mr4 ,l[5?al1 ,mr4       
,suozzi1 ,ms4 ,sewell ( ,alabama1 ,mr4  
,ryan1 ,mr4 ,panetta1 ,ms4 ,jayapal1    
,mrs4 ,hayes1 ,ms4 ,s*ak[sky1 ,ms4      
,sn*ez1 ,mr4 ,cicill9e1 ,mr4 ,l>son (   
,connecticut1 ,mr4 ,higg9s ( ,new ,york1
 ,mr4 ,swalwell ( ,cali=nia1 & ,ms4     
,judy ,*u ( ,cali=nia7 introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          

,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to ext5d & modify ! ,am]ican      
,opportunity ,tax ,cr$it1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,am]ican ,opportunity      
,/ud5t ,tax ,relief ,act ( #bjbj4  #b4  
,,covid relief  7a7 ,am]ican opportunity
 & lifetime le>n+ cr$its ,section #be;,a
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7j7 ,,covid relief ,9 !    
case ( any taxable ye> beg9n+ 9 #bjbj3  
7#a7 ,subsection 7b77#a77;,a7 %all be   
appli$ by sub/itut+ #b1ejj = #b1jjj4    
7#b7 ,subsection 7b77#a77;,b7 %all be   
appli$-- 7,a7 by sub/itut+ #b1ejj =     
#b1jjj1 &  7,b7 by sub/itut+ #d1ejj =   
#d1jjj4  7#c7 ,subsection 7i7 %all be   
appli$ by sub/itut+ ,sixty p]c5t = ,=ty 
p]c5t4  7#d7 ,! am\nt det]m9$ "u        
subsection 7c77#a7 %all be ! sum (--    
7,a7 #ajj p]c5t ( s mu* ( ! qualifi$    
tuition & relat$ exp5ses paid ! taxpay] 
dur+ ! taxable ye> 7= education furni%$ 

dur+ any academic p]iod beg9n+ 9 su*    
taxable ye>7 z does n exce$ #b1jjj1 plus
  7,b7 #bj p]c5t ( su* exp5ses s paid z 
exce$s #b1jjj b does n exce$ #aj1jjj4   
7#e7 ,s mu* ( ! cr$it all[able "u       
subsection 7a7 z is attributable to !   
,lifetime ,le>n+ ,cr$it 7det]m9$ aft]   
application ( subsection 7d7 & )\t reg>d
 to ?is p>agraph & section #bf7;a77 &   
does n exce$ #a1ejj %all be treat$ z a  
cr$it all[able "u subp>t ,c 7& n all[$  
"u subsection 7a774  4  7b7 ,expansion (
 pell grant exclusion f gross income    
,section #d7;b7 ( ?is ,act is am5d$ by  
/rik+ ,decemb] #ca1 #bjbj & ins]t+      
,decemb] #ca1 #bjai4  7c7 ,exclusion (  
em]g5cy f9ancial aid grants ,= purposes 
( ! ,int]nal ,rev5ue ,code ( #aihf1 9 ! 
case ( any taxable ye> beg9n+ 9 #bjbj1  
gross income %all n include any em]g5cy 
f9ancial aid grant receiv$ by a /ud5t "u
 section #ahjjd7;c7 ( ! ,,c>es ,act4    
#c4 ,ext5sion & modification ( ,am]ican 
opportunity tax cr$it  7a7 ,9 g5]al     
,section #be;,a ( ! ,int]nal ,rev5ue    

,code ( #aihf1 z am5d$ by section #b1 is
 am5d$ to read z foll[s3  #be;,a4       
,am]ican opportunity tax cr$it  7a7     
,all[ance ( cr$it ,9 ! case ( an        
individual :o is an eligible /ud5t = any
 taxable ye>1 !re %all be all[$ z a     
cr$it aga9/ ! tax impos$ by ?is *apt] = 
su* taxable ye> ! am\nt det]m9$ "u      
subsection 7b7 ) respect to su*         
individual4  7b7 ,am\nt ( cr$it  7#a7   
,/ud5t enroll$ at lea/  "t ,9 ! case (  
an eligible /ud5t :o is c>ry+ at lea/  !
 normal full-"t workload = ! c\rse (    
/udy ! /ud5t is pursu+1 ! am\nt det]m9$ 
"u ?is subsection ) respect to su*      
individual is ! sum (-- 7,a7 #ajj p]c5t 
( s mu* ( ! qualifi$ tuition & relat$   
exp5ses paid by ! taxpay] dur+ ! taxable
 ye> 7= education furni%$ to ! eligible 
/ud5t dur+ any academic p]iod beg9n+ 9  
su* taxable ye>7 z does n exce$ #b1jjj1 
plus  7,b7 #be p]c5t ( su* exp5ses s    
paid z exce$s #b1jjj b does n exce$     
#d1jjj4  7#b7 ,o!r /ud5ts ,9 ! case ( an
 eligible /ud5t n describ$ 9 p>agraph   

7#a71 ! am\nt det]m9$ "u ?is subsection 
) respect to su* individual is #be p]c5t
 ( s mu* ( ! qualifi$ tuition & relat$  
exp5ses paid by ! taxpay] dur+ ! taxable
 ye> 7= education furni%$ to ! eligible 
/ud5t dur+ any academic p]iod beg9n+ 9  
su* taxable ye>7 z does n exce$ #aj1jjj4
  7c7 ,limitation bas$ on modifi$ adju/$
 gross income  7#a7 ,9 g5]al ,! am\nt   
:i* w\ld 7b = ?is p>agraph7 be tak5 into
 acc\nt "u ?is section = ! taxable ye>  
%all be r$uc$ 7b n bel[ z]o7 by ! am\nt 
det]m9$ "u p>agraph 7#b74  7#b7 ,am\nt (
 r$uction ,! am\nt det]m9$ "u ?is       
p>agraph is ! am\nt :i* be>s ! same     
ratio to ! am\nt :i* w\ld be s tak5 into
 acc\nt z-- 7,a7 ! excess (-- 7i7 !     
taxpay]'s modifi$ adju/$ gross income = 
su* taxable ye>1 ov]  7ii7 #hj1jjj      
7#afj1jjj 9 ! case ( a jo9t return71    
be>s to  7,b7 #aj1jjj 7#bj1jjj 9 ! case 
( a jo9t return74  7#c7 ,modifi$ adju/$ 
gross income ,= purposes ( ?is p>agraph1
 ! t]m modifi$ adju/$ gross income means
 ! adju/$ gross income ( ! taxpay] = !  

taxable ye> increas$ by any am\nt       
exclud$ f gross income "u section #iaa1 
#ica1 or #icc4  7d7 ,o!r limitations &  
special rules ,= purposes ( ?is section3
 7#a7 ,lifetime doll> limitation ,9 !   
case ( qualifi$ tuition & relat$ exp5ses
 ) respect to any eligible /ud5t1 !     
aggregate am\nt ( ! cr$its all[$ 9 !    
taxable ye> & any prior taxable ye> =   
su* eligible /ud5t 7:e!r beg9n+ be=e or 
aft] ,am]ican ,opportunity ,/ud5t ,tax  
,relief ,act ( #bjbj7 %all n exce$      
#ae1jjj1 det]m9$ )\t reg>d to :e!r--    
7,a7 su* cr$its are claim$ on ! return (
 tax fil$ by ! eligible /ud5t or by     
ano!r taxpay]1 or  7,b7 su* exp5ses are 
treat$ z paid by ! eligible /ud5t or by 
ano!r taxpay]4  ,if1 9 any taxable ye>1 
! aggregate am\nt ( su* cr$its equals or
 exce$s #ae1jjj1 ! am\nt all[$ z a cr$it
 "u subsection 7a7 9 any subsequ5t      
taxable ye> ) respect to su* /ud5t %all 
be z]o4  7#b7 ,id5tification requirem5ts
  7,a7 ,/ud5ts  7i7 ,9 g5]al ,no cr$it  
%all be all[$ "u ?is section to a       

taxpay] ) respect to ! qualifi$ tuition 
& relat$ exp5ses ( an eligible /ud5t    
unless ! taxpay] includes ! "n & taxpay]
 id5tification numb] ( su* eligible     
/ud5t on ! return ( tax = ! taxable ye>4
  7ii7 ,issuance ,! requirem5ts ( clause
 7i7 %all n be treat$ z met unless !    
individual's taxpay] id5tification numb]
 0 issu$ on or be=e ! due date = fil+ ! 
return ( tax = ! taxable ye>4  7,b7     
,taxpay] ,no cr$it %all be all[$ "u ?is 
section if ! id5tify+ numb] ( ! taxpay] 
0 issu$ aft] ! due date = fil+ ! return 
= ! taxable ye>4  7,c7 ,in/itution ,no  
cr$it %all be all[$ "u ?is section      
unless ! taxpay] includes ! employ]     
id5tification numb] ( any in/itution to 
:i* qualifi$ tuition & relat$ exp5ses 7 
paid ) respect to ! individual4  7#c7   
,adju/m5t = c]ta9 s*ol>%ips1 etc  7,a7  
,9 g5]al ,! am\nt ( qualifi$ tuition &  
relat$ exp5ses o!rwise tak5 into acc\nt 
"u ?is section ) respect to an          
individual = an academic p]iod %all be  
r$uc$ 7be=e ! application ( subsections 

7b7 & 7c77 by ! sum ( any am\nts paid = 
! b5efit ( su* individual :i* are       
allocable to su* p]iod z-- 7i7 a        
qualifi$ s*ol>%ip :i* is excludable f   
gross income "u section #aag1  7ii7 an  
educational assi/ance all[ance "u *apt] 
#cj1 #ca1 #cb1 #cd1 or #ce ( title #ch1 
,unit$ ,/ates ,code1 or "u *apt] #afjf (
 title #aj1 ,unit$ ,/ates ,code1 &      
7iii7 a paym5t 7o!r ?an a gift1 beque/1 
devise1 or inh]itance )9 ! mean+ (      
section #ajb7;a77 = su* individual's    
educational exp5ses1 or attributable to 
su* individual's enrollm5t at an        
eligible educational in/itution1 :i* is 
excludable f gross income "u any law ( !
 ,unit$ ,/ates4  7,b7 ,coord9ation )    
pell grants n us$ = qualifi$ tuition &  
relat$ exp5ses ,any am\nt det]m9$ )     
respect to an individual "u subp>agraph 
7,a7 :i* is attributable to a ,f$]al    
,pell ,grant "u section #dja ( ! ,high] 
,education ,act ( #aife %all be r$uc$ 7b
 n bel[ z]o7 by ! am\nt ( ! exp5ses 7o!r
 ?an qualifi$ tuition & relat$ exp5ses7 

:i* are tak5 into acc\nt 9 det]m9+ ! co/
 ( att5dance 7z def9$ 9 section #dgb ( !
 ,high] ,education ,act ( #aife1 z 9    
effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,/ud5t ,tax       
,relief ,act ( #bjbj7 ( su* individual  
at an eligible educational in/itution = 
! academic p]iod = :i* ! cr$it "u ?is   
section is be+ det]m9$4  7#d7 ,treatm5t 
( exp5ses paid by dep5d5t ,if a d$uction
 "u section #aea ) respect to an        
individual is all[$ to ano!r taxpay] = a
 taxable ye> beg9n+ 9 ! cal5d> ye> 9 :i*
 su* individual's taxable ye> beg9s--   
7,a7 no cr$it %all be all[$ "u ?is      
section to su* individual = su*         
individual's taxable ye>1 &  7,b7       
qualifi$ tuition & relat$ exp5ses paid  
by su* individual dur+ su* individual's 
taxable ye> %all be treat$ = purposes ( 
?is section z paid by su* o!r taxpay]4  
7#e7 ,treatm5t ( c]ta9 prepaym5ts ,if   
qualifi$ tuition & relat$ exp5ses are   
paid by ! taxpay] dur+ a taxable ye> =  
an academic p]iod :i* beg9s dur+ ! fir/ 

#c mon?s foll[+ su* taxable ye>1 su*    
academic p]iod %all be treat$ = purposes
 ( ?is section z beg9n+ dur+ su* taxable
 ye>4  7#f7 ,d5ial ( d\ble b5efit ,no   
cr$it %all be all[$ "u ?is section = any
 exp5se = :i* a d$uction is all[$ "u any
 o!r provision ( ?is *apt]4  7#g7 ,no   
cr$it = m>ri$ individuals fil+ sep>ate  
returns ,if ! taxpay] is a m>ri$        
individual 7)9 ! mean+ ( section #ggjc71
 ?is section %all apply only if !       
taxpay] & ! taxpay]'s sp\se file a jo9t 
return = ! taxable ye>4  7#h7           
,nonresid5t ali5s ,if ! taxpay] is a    
nonresid5t ali5 individual = any portion
 ( ! taxable ye>1 ?is section %all apply
 only if su* individual is treat$ z a   
resid5t ali5 ( ! ,unit$ ,/ates =        
purposes ( ?is *apt] by reason ( an     
election "u subsection 7g7 or 7h7 (     
section #fjac4  7e7 ,election n ,to h   
section apply ,a taxpay] may elect n to 
h ?is section apply ) respect to !      
qualifi$ tuition & relat$ exp5ses ( an  
individual = any taxable ye>4  7f7      

,def9itions ,= purposes ( ?is section3  
7#a7 ,eligible /ud5t ,! t]m eligible    
/ud5t means1 ) respect to any taxable   
ye>1 an individual :o-- 7,a7 is enroll$ 
= at lea/ "o academic p]iod :i* beg9s   
dur+ su* taxable ye> at an eligible     
educational in/itution1 &  7,b7 meets ! 
requirem5ts ( section #dhd7;a77#a7 ( !  
,high] ,education ,act ( #aife1 z 9     
effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,/ud5t ,tax       
,relief ,act ( #bjbj4  7#b7 ,qualifi$   
tuition & relat$ exp5ses  7,a7 ,9 g5]al 
,! t]m qualifi$ tuition & relat$ exp5ses
 means tuition1 fees1 & c\rse mat]ials  
requir$ = ! enrollm5t or att5dance (--  
7i7 ! taxpay]1  7ii7 ! taxpay]'s sp\se1 
or  7iii7 any dep5d5t ( ! taxpay] )     
respect to :om ! taxpay] is all[$ a     
d$uction "u section #aea1  at an        
eligible educational in/itution = c\rses
 ( in/ruction ( su* individual at su*   
in/itution4  7,b7 ,exception = education
 involv+ sports1 etc ,su* t]m does n    
include exp5ses ) respect to any c\rse  

or o!r education involv+ sports1 games1 
or hobbies1 unless su* c\rse or o!r     
education is "p ( ! individual's degree 
program4  7,c7 ,exception = nonacademic 
fees ,su* t]m does n include /ud5t      
activity fees1 a?letic fees1 insurance  
exp5ses1 or o!r exp5ses unrelat$ to an  
individual's academic c\rse (           
in/ruction4  7#c7 ,eligible educational 
in/itution ,! t]m eligible educational  
in/itution means an in/itution-- 7,a7   
:i* is describ$ 9 section #dha ( !      
,high] ,education ,act ( #aife1 z 9     
effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,/ud5t ,tax       
,relief ,act ( #bjbj1 &  7,b7 :i* is    
eligible to p>ticipate 9 a program "u   
title ,,iv ( su* ,act4  7g7 ,portion (  
cr$it refundable ,! less] (-- 7#a7 !    
cr$it all[$ "u ?is section = a taxable  
ye> 7det]m9$ aft] application (         
subsections 7c77#a7 & 7d7 & )\t reg>d to
 ?is subsection & section #bf7;a77#b71 z
 ! case may be71 or  7#b7 #a1ejj1  %all 
be treat$ z a cr$it all[able "u subp>t  

,c 7& n all[$ "u ?is section74 ,! prec$+
 s5t5ce %all n apply to any taxpay] =   
any taxable ye> if su* taxpay] is a *ild
 to :om subsection 7g7 ( section #a     
applies = su* taxable ye>4  7h7         
,re/rictions on taxpay]s :o improp]ly   
claim$ cr$it 9 prior ye>  7#a7 ,taxpay]s
 mak+ prior fraudul5t or reckless claims
  7,a7 ,9 g5]al ,no cr$it %all be all[$ 
"u ?is section = any taxable ye> 9 !    
disall[ance p]iod4  7,b7 ,disall[ance   
p]iod ,= purposes ( clause 7i71 !       
disall[ance p]iod is-- 7i7 ! p]iod ( #aj
 taxable ye>s aft] ! mo/ rec5t taxable  
ye> = :i* !re 0 a f9al det]m9ation t !  
taxpay]'s claim ( cr$it "u ?is section 0
 due to fraud1 &  7ii7 ! p]iod ( #b     
taxable ye>s aft] ! mo/ rec5t taxable   
ye> = :i* !re 0 a f9al det]m9ation t !  
taxpay]'s claim ( cr$it "u ?is section 0
 due to reckless or int5tional disreg>d 
( rules & regulations 7b n due to       
fraud74  7#b7 ,taxpay]s mak+ improp]    
prior claims ,9 ! case ( a taxpay] :o is
 d5i$ cr$it "u ?is section = any taxable

 ye> z a result ( ! defici5cy proc$ures 
"u sub*apt] ,b ( *apt] #fc1 no cr$it    
%all be all[$ "u ?is section = any      
subsequ5t taxable ye> unless ! taxpay]  
provides su* in=mation z ! ,secret>y may
 require to demon/rate eligibility = su*
 cr$it4  7i7 ,inflation adju/m5t ,9 !   
case ( any taxable ye> beg9n+ 9 a cal5d>
 ye> aft] #bjbj1 ea* doll> am\nt 9      
subsections 7b7 & 7c77#b71 & 7d77#a7    
%all be increas$ 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> #bjag = cal5d> ye> 
#aiib 9 subp>agraph 7,b7 !re(4  ,9 !    
case ( subsections 7b7 & 7d77#a71 any   
increase det]m9$ "u ! prec$+ s5t5ce %all
 be r\nd$ to ! ne>e/ multiple ( #ej4 ,9 
! case ( subsection 7c77#b71 any        
increase det]m9$ "u ! prec$+ s5t5ce %all
 be r\nd$ to ! ne>e/ multiple ( #ejj4   
7j7 ,regulations ,! ,secret>y may       
prescribe su* regulations z may be      

necess>y or appropriate to c>ry out ?is 
section1 includ+ regulations provid+ = a
 recapture ( ! cr$it all[$ "u ?is       
section 9 cases :]e !re is a refund 9 a 
subsequ5t taxable ye> ( any am\nt :i* 0 
tak5 into acc\nt 9 det]m9+ ! am\nt ( su*
 cr$it4  4  7b7 ,ret5tion ( limitation  
7#a7 ,9 g5]al ,subp>agraph 7,d7 (       
section #be;,a7b77#b7 ( ! ,int]nal      
,rev5ue ,code ( #aihf1 z 9 effect be=e !
 enactm5t ( ! ,am]ican ,opportunity     
,/ud5t ,tax ,relief ,act ( #bjbj1 is    
h]eby transf]r$ to section #be;,a ( su* 
,code1 z am5d$ by subsection 7a71 & is  
ins]t$ z a new subsection 7d77#i7 (     
section #be;,a1 z s am5d$4  7#b7 ,con=m+
 am5dm5t ,p>agraph 7#i7 ( section       
#be;,a7d7 ( su* ,code1 z transf]r$ &    
ins]t$ by p>agraph 7#a71 is am5d$ by    
/rik+ ,! ,hope ,s*ol>%ip ,cr$it "u      
subsection 7a77#a7 & ins]t+ ,! cr$it "u 
subsection 7a74  7c7 ,con=m+ am5dm5ts   
7#a7 ,subp>agraph 7,b7 ( section        
#gb7t77#g7 ( su* ,code is am5d$ by /rik+
 #be;,a7g77#b7 & ins]t+ #be;,a7d77#c74  

7#b7 ,p>agraph 7#b7 ( section #bba7;d7 (
 su* ,code is am5d$-- 7,a7 by /rik+     
#be;,a7g77#b7 9 subp>agraph 7,b7 &      
ins]t+ #be;,a7d77#c72 &  7,b7 by /rik+  
#be;,a7f77#b7 & ins]t+ #be;,a7f77#c74   
7#c7 ,p>agraph 7#c7 ( section #bba7;d7 (
 su* ,code is am5d$ by /rik+            
#be;,a7b77#c7 & ins]t+ #be;,a7f77#a7 7b 
only ) respect to a /ud5t :o is c>ry+ at
 lea/  ! normal full-"t workload = !    
c\rse ( /udy ! /ud5t is pursu+74  7#d7  
,clause 7v7 ( section #ebi7;c77#c77;,b7 
( su* ,code is am5d$-- 7,a7 by /rik+    
#be;,a7g77#b7 9 subclause 7,i7 & ins]t+ 
#be;,a7d77#c72 &  7,b7 by /rik+ ,hope & 
lifetime le>n+ cr$its 9 ! head+ & ins]t+
 ,am]ican opportunity cr$it4  7#e7      
,clause 7i7 ( section #ebi7;e77#c77;,b7 
( su* ,code is am5d$ by /rik+           
#be;,a7b77#c7 & ins]t+ #be;,a7f77#a7 7b 
only ) respect to a /ud5t :o is c>ry+ at
 lea/  ! normal full-"t workload = !    
c\rse ( /udy ! /ud5t is pursu+74  7#f7  
,subp>agraph 7,c7 ( section #ecj7;d77#b7
 ( su* ,code is am5d$-- 7,a7 by /rik+   

#be;,a7g77#b7 9 clause 7i77,i7 & ins]t+ 
#be;,a7d77#c72 &  7,b7 by /rik+ ,hope & 
lifetime le>n+ cr$its 9 ! head+ & ins]t+
 ,am]ican opportunity cr$it4  7#g7      
,clause 7iii7 ( section                 
#ecj7;d77#d77;,b77iii7 ( su* ,code is   
am5d$ by /rik+ #be;,a7g77#b7 & ins]t+   
#be;,a7d77#c74  7#h7 ,section #adjj,o ( 
su* ,code is am5d$-- 7,a7 by /rik+      
#be;,a7f77#b7 & ins]t+ #be;,a7f77#c72   
7,b7 by ins]t+ 7z 9 effect on ! date ( !
 enactm5t ( ?is section7 aft]           
#be;,a7b77#a7 9 p>agraph 7#b72 &  7,c7  
by ins]t+ 7z 9 effect on ! date ( !     
enactm5t ( ?is section7 aft]            
#be;,a7c77#a7 9 p>agraph 7#c74  7#i7    
,subsection 7e7 ( section #fjej,s ( su* 
,code is am5d$ by /rik+ subsection      
7g77#b7 & ins]t+ subsection 7d77#c74    
7#aj7 ,subp>agraph 7,a7 ( section       
#fbaa7;b77#d7 ( su* ,code is am5d$ by   
/rik+ subsection 7i77#f7 & ins]t+       
subsection 7g74  7#aa7 ,section         
#fbac7;g77#b7 ( su* ,code is am5d$--    
7,a7 9 subp>agraph 7,j71 by /rik+       

#be;,a7g77#a7 & ins]t+ #be;,a7d77#b72 & 
7,b7 9 subp>agraph 7,q71 by /rik+       
#be;,a7i77#h77;,b7 & ins]t+             
#be;,a7h77#b7 & by /rik+ #be;,a7i7 &    
ins]t+ #be;,a 4  7#ab7 ,subsection 7g7 (
 section #ffie ( su* ,code is am5d$ by  
/rik+ #be;,a7a77#a7 & ins]t+ #be;,a7a74 
7d7 ,cl]ical am5dm5t ,! item relat+ to  
section #be;,a 9 ! table ( sections =   
subp>t ,a ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ to read z foll[s3  ,sec4 
#be;,a4 ,am]ican ,opportunity ,tax      
,cr$it4  4  7e7 ,effective date ,!      
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbj4  #d4 ,expansion ( pell grant
 exclusion f gross income  7a7 ,9 g5]al 
,p>agraph 7#a7 ( section #aag7;b7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ receiv$ by an individual & all 
t foll[s & ins]t+ receiv$ by an         
individual-- 7,a7 z a s*ol>%ip or       
fell[%ip grant to ! ext5t ! individual  
e/abli%es t1 9 accordance ) ! conditions

 ( ! grant1 su* am\nt 0 us$ = qualifi$  
tuition & relat$ exp5ses2 or  7,b7 z a  
,f$]al ,pell ,grant "u section #dja ( ! 
,high] ,education ,act ( #aife 7z 9     
effect on ! date ( ! enactm5t ( !       
,am]ican ,opportunity ,/ud5t ,tax       
,relief ,act ( #bjbj74  4  7b7          
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjbj4