,,ii  #aag? ,,congress  #a/ ,session    
,s4 #bdfe  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bb1 #bjba,mr4   
,m55dez 7= himself1 ,mr4 ,br[n1 ,mr4    
,wyd51 & ,mr4 ,padilla7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to make ! ,am]ican ,opportunity   
,tax ,cr$it fully refundable1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,am]ican ,opportunity ,tax 
,cr$it ,enhancem5t ,act ( #bjba4  #b4   
,enhancem5t ( ,am]ican ,opportunity ,tax
 ,cr$it  7a7 ,9 g5]al ,section #be;,a ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$-- 7#a7 9 subsection 7b7-- 7,a7 by 
/rik+ p>agraph 7#a7 & ins]t+ ! foll[+3  
7#a7 ,p] /ud5t cr$it ,9 ! case ( any    
eligible /ud5t = :om an election is 9   
effect "u ?is section = any taxable ye>1
 ! ,am]ican ,opportunity ,tax ,cr$it is 
an am\nt equal to #ajj p]c5t ( s mu* ( !
 qualifi$ 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$ #e1jjj4  1 &
  7,b7 9 p>agraph 7#b77;,d7-- 7i7 9 !   
head+1 by ins]t+ s]i\s be=e felony1 &   
7ii7 by /rik+ ,f$]al or ,/ate felony    
(f5se consi/+ ( ! possession or         
di/ribution ( a controll$ sub/ance &    
ins]t+ ,f$]al drug-relat$ (f5se = :i* ! 
m9imum t]m ( imprisonm5t is n less ?an  
#ae ye>s1  7#b7 9 subsection 7d7-- 7,a7 
9 p>agraph 7#a7-- 7i7 9 ! head+1 by     
/rik+ ,9 g5]al & ins]t+ ,lifetime ,le>n+
 ,cr$it1  7ii7 by /rik+ ,! ,am]ican     
,opportunity ,tax ,cr$it & ! ,lifetime  
,le>n+ ,cr$it %all ea* & ins]t+ ,!      
,lifetime ,le>n+ ,cr$it %all1 &  7iii7  
by /rik+ ea* su* & ins]t+ su*1  7,b7 by 
r$esignat+ p>agraph 7#b7 z p>agraph     
7#c71 &  7,c7 by ins]t+ aft] p>agraph   
7#a7 ! foll[+3  7#b7 ,am]ican           
,opportunity ,tax ,cr$it ,9 ! case ( !  
,am]ican ,opportunity ,tax ,cr$it1      
p>agraph 7#a7 %all be appli$-- 7,a7 9   
subp>agraph 7,a77ii7 ( su* p>agraph1 by 

sub/itut+ #abe1jjj 7#bej1jjj = #hj1jjj  
7#afj1jjj1 &  7,b7 9 subp>agraph 7,b7 ( 
su* p>agraph1 by sub/itut+ #be1jjj      
7#ej1jjj = #aj1jjj 7#bj1jjj4  1 &  7#c7 
9 subsection 7i7-- 7,a7 9 ! head+1 by   
/rik+ ,portion (1 &  7,b7 by /rik+ ,=ty 
p]c5t & ins]t+ #ajj p]c5t4  7b7         
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( enactm5t ( ?is     
,act4