,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gcic  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #e1 #bjbf,mr4
 ,patronis 7= himself & ,mr4 ,bilirakis7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,ways & ,means  ,a   
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to all[ di/ributions f    
qualifi$ tuition programs = qualifi$    
h\s+ exp5ses1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,save = ,success ,act4  #b4 ,all[ance ( 
di/ributions f qualifi$ tuition programs
 = qualifi$ h\s+ exp5ses  7a7 ,9 g5]al  
,section #ebi7;c77#c7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new subp>agraph3  7,f7
 ,di/ributions = qualifi$ h\s+ exp5ses  
7i7 ,9 g5]al ,subp>agraph 7,a7 %all n   
apply to t portion ( any di/ribution :i*
 is us$ to pay = a qualifi$ h\s+ exp5se 
( ! designat$ b5efici>y4  7ii7 ,qualifi$
 h\s+ exp5se ,= purposes ( ?is          
subp>agraph1 ! t]m qualifi$ h\s+ exp5se1
 ) respect to a designat$ b5efici>y1    

means any exp5se incurr$ by su*         
b5efici>y = ! pur*ase ( a pr9cipal      
resid5ce1 b only if su* b5efici>y is a  
fir/-"t homebuy]1 & includes any clos+  
co/s & mortgage paym5ts incurr$ )       
respect to su* pur*ase4  7iii7 ,o!r     
def9itions ,= purposes ( ?is            
subp>agraph-- 7,i7 ,fir/-"t homebuy] ,! 
t]m fir/-"t homebuy] means any          
individual if su* individual 7& if      
m>ri$1 su* individual's sp\se7 _h no    
pres5t own]%ip int]e/ 9 a pr9cipal      
resid5ce dur+ ! #c-ye> p]iod end+ on !  
date ( ! pur*ase ( ! pr9cipal resid5ce  
to :i* ?is subp>agraph applies4  7,,ii7 
,pr9cipal resid5ce ,! t]m pr9cipal      
resid5ce has ! same mean+ z :5 us$ 9    
section #aba4  7,,iii7 ,pur*ase ,! t]m  
pur*ase has ! mean+ giv5 su* t]m 9      
section #cf7;c74  4  7b7 ,effective date
 ,! am5dm5t made by ?is section %all    
apply to di/ributions made aft] ,decemb]
 #ca1 #bjbf4