,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ajjbi  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,augu/ #c1 #bjbf,mr4  
,lawl] introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ a cr$it =        
elem5t>y & second>y s*ool supply        
exp5ses4  #a4 ,%ort title  ,?is ,act may
 be cit$ z ! ,support+ ,/ud5ts &        
,families ,act4  #b4 ,cr$it = elem5t>y &
 second>y s*ool supply exp5ses  7a7 ,9  
g5]al ,subp>t ,a ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by ins]t+ be=e section  
#bf ! foll[+ new section3  #be;,g4      
,elem5t>y & second>y s*ool supplies  7a7
 ,9 g5]al ,9 ! case ( an individual1 !re
 %all be all[$ z a cr$it aga9/ ! tax    
impos$ by ?is *apt] = ! taxable ye> an  
am\nt equal to ! eligible elem5t>y &    
second>y s*ool supply exp5ses paid or   
incurr$ by ! taxpay] dur+ ! taxable ye>4
  7b7 ,limitations  7#a7 ,doll>         
limitation ,! cr$it all[$ "u subsection 

7a7 = ! taxable ye> %all n exce$ #bjj4  
7#b7 ,income limitation  7,a7 ,9 g5]al  
,! am\nt all[able z a cr$it "u          
subsection 7a7 = any taxable ye> %all be
 r$uc$ 7b n bel[ z]o7 by an am\nt :i*   
be>s ! same ratio to ! am\nt s all[able 
7det]m9$ )\t reg>d to ?is p>agraph b )  
reg>d to p>agraph 7#a77 z--  7i7 ! am\nt
 7if any7 by :i* ! taxpay]'s modifi$    
adju/$ gross income exce$s #aej1jjj1    
be>s to  7ii7 #fe1jjj4  7,b7 ,modifi$   
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  7c7 ,eligible     
elem5t>y & second>y s*ool supply exp5ses
 ,= purposes ( ?is section1 ! t]m       
eligible elem5t>y & second>y s*ool      
supply exp5ses means exp5ses = books1   
supplies1 & o!r equipm5t :i* are paid or
 incurr$ 9 connection ) ! enrollm5t or  
att5dance ( a dep5d5t ( ! taxpay] 7)    
respect to :om ! taxpay] is all[$ a     

d$uction "u section #aea7;c77 z an      
elem5t>y or second>y s*ool /ud5t at a   
public1 private1 or religi\s s*ool4  7d7
 ,coord9ation ) ,cov]dell education     
sav+s acc\nts ,! taxpay] %all n take    
into acc\nt any eligible elem5t>y &     
second>y s*ool supply exp5ses "u        
subsection 7a7 to ! ext5t su* exp5ses   
are tak5 into acc\nt z qualifi$         
education exp5ses "u section            
#ecj7;d77#b77;,a74  4  7b7 ,cl]ical     
am5dm5t ,! table ( sections = subp>t ,a 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by ins]t+ be=e ! item   
relat+ to section #bf ! foll[+ new item3
  ,sec4 #be;,g4 ,elem5t>y & second>y    
s*ool supplies4  4  7c7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjbf4