,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #hjh  ,,in ,,the ,,house ,,of   
,,representatives  ,january #bh1        
#bjbe,ms4 ,perez 7for herself and ,mr4  
,edwards7 introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 permit qualified business trade        
expenses to be treated as qualified     
higher education expenses for purposes  
of #ebi accounts4  #a4 ,short title     
,this ,act may be cited as the ,fairness
 for the ,trades ,act4  #b4 ,qualified  
business trade expenses treated as      
qualified higher education expenses for 
purposes of #ebi accounts  7a7 ,in      
general ,section #ebi7;e77#c7 of the    
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new subparagraph3  7,c7       
,qualified business trade expenses ,the 
term qualified higher education expenses
 includes qualified business trade      
expenses 7as defined in subsection 7f774

  4  7b7 ,qualified business trade      
expenses ,section #ebi is amended by    
redesignating subsection 7f7 as         
subsection 7g7 and by inserting after   
subsection 7e7 the following new        
subsection3  7f7 ,qualified business    
trade expenses ,for purposes of this    
section-- 7#a7 ,in general ,the term    
qualified post business trade expenses  
means amounts paid by the designated    
beneficiary for specified business      
property used by the designated         
beneficiary in a qualified trade field4 
7#b7 ,specified business property ,the  
term specified business property means  
tangible property 7other than buildings7
 which is of a character subject to the 
allowance for depreciation4  7#c7       
,qualified trade field ,the term        
qualified trade field means any field   
which is described by one of the        
following ,national industry codes of   
the ,north ,american ,industry          
,classification ,system3 #aacaaj1       
#aacbaj1 #aaccaj1 #aadaaa1 #aadaab1     

#aadaai1 #aadbaj1 #aaecaj1 #bcfaae1     
#bcfaaf1 #bcfaag1 #bcfaah1 #bcfbaj1     
#bcfbbj1 #bcgaaj1 #bcgabj1 #bcgacj1     
#bcgbaj1 #bcgcaj1 #bcgiij1 #bchaaj1     
#bchabj1 #bchacj1 #bchadj1 #bchaej1     
#bchafj1 #bchagj1 #bchaij1 #bchbaj1     
#bchbbj1 #bchbij1 #bchcaj1 #bchcbj1     
#bchccj1 #bchcdj1 #bchcej1 #bchcij1     
#bchiaj1 #bchiij1 #haaaaa1 #haaaad1     
#haaaih1 #haabaj1 #haacaj1 #haadaa1     
#haadab1 #haadbj1 #haadcj1 or #haadij4  
4  7c7 ,effective date ,the amendments  
made by this section shall apply to     
expenses paid in taxable years beginning
 after the date of the enactment of this
 ,act4