,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #bjig  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ad1 #bjbe,mr4   
,smi? ( ,new ,j]sey introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[ a
 refundable cr$it aga9/ income tax =    
tuition exp5ses incurr$ = ea* qualify+  
*ild ( ! taxpay] 9 att5d+ public or     
private elem5t>y or second>y s*ool4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,education1 ,a*ievem5t1 & ,opportunity  
,act4  #b4 ,f9d+s ,congress f9ds !      
foll[+3  7#a7 ,private s*ools supplem5t 
! public s*ool sy/em & are a vital      
compon5t ( our ,nation's s*ool network4 
7#b7 ,! public s*ool sy/em 0 creat$ to  
s]ve /ud5ts1 n ! o!r way ar\nd4 ,*ildr5 
%\ld h ! opportunity to att5d ! s*ool   
sy/em t is mo/ conducive to develop+ _! 
abilities1 & p>5ts h ! "r to *oose !    
public or private s*ool t be/ meets _!  
*ild's individual ne$s4  #c4 ,cr$it =   
elem5t>y & second>y education exp5ses   

7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv (     
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf 7relat+ to        
refundable cr$its7 is am5d$ by ins]t+   
aft] section #cf;,b ! foll[+ new        
section3  #cf;,c4 ,elem5t>y & second>y  
education exp5ses  7a7 ,all[ance ( cr$it
  7#a7 ,9 g5]al ,9 ! case ( an          
individual1 !re %all be all[$ z a cr$it 
aga9/ ! tax impos$ by ?is subtitle = !  
taxable ye> ! am\nt ( ! qualifi$        
education exp5ses paid by ! taxpay] dur+
 ! taxable ye> = ea* qualify+ *ild ( !  
taxpay]4  7#b7 ,am\nt p] *ild ,! am\nt (
 cr$it all[able "u p>agraph 7#a7 = any  
taxable ye> ) respect to ! qualifi$     
education exp5ses ( ea* qualify+ *ild ( 
! taxpay] %all n exce$ #aj1jjj4  7b7    
,limitation bas$ on adju/$ gross income 
7#a7 ,9 g5]al ,! am\nt ( ! cr$it        
all[able "u subsection 7a7 7aft] !      
application ( subsection 7a77#b77 %all  
be r$uc$ 7b n bel[ z]o7 by #ej = ea*    
#a1jjj 7or fraction !re(7 by :i* !      
taxpay]'s modifi$ adju/$ gross income   

exce$s ! ?re%old am\nt4  7#b7           
,def9itions & special rules ,= purposes 
( ?is p>agraph 7#a7-- 7,a7 ,?re%old     
am\nt ,! t]m ?re%old am\nt means--  7i7 
#aej1jjj 9 ! case ( a jo9t return1 &    
7ii7 #ge1jjj 9 any o!r case4  7,b7      
,modifi$ adju/$ gross income ,! t]m     
modifi$ adju/$ gross income means adju/$
 gross income increas$ by any am\nt     
exclud$ f gross income "u section #iaa1 
#ica1 or #icc4  7,c7 ,m>ital /atus      
,m>ital /atus %all be det]m9$ "u section
 #ggjc4  7c7 ,def9itions ,= purposes (  
?is section-- 7#a7 ,qualify+ *ild ,! t]m
 qualify+ *ild has ! mean+ giv5 su* t]m 
9 section #bd7;c74  7#b7 ,qualifi$      
education exp5ses  7,a7 ,9 g5]al ,! t]m 
qualifi$ education exp5ses means am\nts 
paid =-- 7i7 tuition & fees requir$ = ! 
enrollm5t or att5dance ( a /ud5t at a   
qualifi$ educational in/itution1 &  7ii7
 s mu* ( ! foll[+ non-tuition exp5ses z 
does n exce$ #a1ejj3 7,i7 ,comput]s1    
educational s(tw>e1 comput] support     
s]vices1 & books requir$ = c\rses (     

in/ruction at a qualifi$ educational    
in/itution4  7,,ii7 ,academic tutor+ 7by
 a p]son o!r ?an ! taxpay]74  7,,iii7   
,special ne$s s]vices = qualify+ *ildr5 
:o are *ildr5 ) disabilities 7z su* t]m 
is def9$ 9 section #fjb7c7 ( !          
,individuals ) ,disabilities ,education 
,act 7#bj ,u4,s4,c4 #adja7c7774  7,,iv7 
,fees = transportation s]vices to & f a 
private s*ool1 if ! transportation is   
provid$ by ! s*ool & ! s*ool *>ges a fee
 = ! transportation4  7,v7 ,academic    
te/+ s]vices4  7,b7 ,am\nts exclud$ ,!  
t]m does n include special s*ool fees = 
nonacademic purposes1 includ+ fees =    
/ud5t activities1 a?letics1 insurance1  
s*ool uni=ms1 & nonacademic aft]-s*ool  
activities4  7#c7 ,qualifi$ educational 
in/itution ,! t]m qualifi$ educational  
in/itution means any public1 *>t]1      
private1 p>o*ial1 or religi\s s*ool     
organiz$ = ! purpose ( provid+ elem5t>y 
or second>y education1 or bo?1 )\t reg>d
 to ! religi\s nature1 "*1 affiliation1 
mission1 beliefs1 or ex]cise ( su*      

s*ool4  7d7 ,adju/m5t = cov]dell sav+s  
acc\nt di/ributions ,! am\nt ( qualifi$ 
education exp5ses tak5 into acc\nt "u   
subsection 7a7 ) respect to an          
individual = a taxable ye> %all be r$uc$
 7be=e ! application ( subsection 7b77  
by ! sum ( any am\nts n includible 9    
gross income "u section #ecj7;d77#b7 =  
su* taxable ye> by reason ( ! qualifi$  
elem5t>y & second>y education exp5ses 7z
 def9$ 9 section #ecj7;b77#c77 ( su*    
individual = su* taxable ye>4  4  7b7   
,te*nical am5dm5ts  7#a7 ,p>agraph 7#b7 
( section #acbd7;b7 ( title #ca1 ,unit$ 
,/ates ,code1 is am5d$ by ins]t+ #cf;,c1
 aft] #cf;,b14  7#b7 ,! table ( sections
 = subp>t ,c ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #cf;,c ! foll[+ new   
item3  ,sec4 #cf;,c4 ,elem5t>y &        
second>y education exp5ses4  4  7c7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   

,act4