,,ii #aaith ,,congress #ast ,session ,s4 #caa ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bi1 #bjbe,mr4 ,lee 7for himself and ,mr4 ,budd7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide incentives for education4 #a4 ,short title ,this ,act may be cited as the ,achieving ,choice in ,education ,act or the ,,ace ,act4 #b4 #ebi account funding for homeschool and additional elementary and secondary expenses 7a7 ,in general ,section #ebi7;c77#g7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#g7 ,treatment of elementary and secondary tuition ,any reference in this section to the term qualified higher education expense shall include a reference to the following expenses in connection with enrollment or attendance at1 or for students enrolled at or attending1 an elementary or secondary public1 private1 or religious school3 7,a7 ,tuition4 7,b7 ,curriculum and curricular materials4 7,c7 ,books or other instructional materials4 7,d7 ,online educational materials4 7,e7 ,tuition for tutoring or educational classes outside of the home1 including at a tutoring facility1 but only if the tutor or instructor is not related to the student and-- 7i7 is licensed as a teacher in any ,state1 7ii7 has taught at an eligible educational institution1 or 7iii7 is a subject matter expert in the relevant subject4 7,f7 ,fees for a nationally standardized norm-referenced achievement test1 an advanced placement examination1 or any examinations related to college or university admission4 7,g7 ,fees for dual enrollment in an institution of higher education4 7,h7 ,educational therapies for students with disabilities provided by a licensed or accredited practitioner or provider1 including occupational1 behavioral1 physical1 and speech-language therapies4 ,such term shall include expenses for the purposes described in subparagraphs 7,a7 through 7,h7 in connection with a homeschool 7whether treated as a homeschool or a private school for purposes of applicable ,state law74 4 7b7 ,effective date ,the amendment made by this section shall apply to distributions made after the date of the enactment of this ,act4 #c4 ,increase in limitation on distributions from #ebi plans for elementary and secondary school expenses 7a7 ,in general ,section #ebi7;e77#c77;,a7 of the ,internal ,revenue ,code of #aihf is amended by striking #aj1jjj in the flush matter at the end and inserting #bj1jjj4 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjbf4 #d4 ,gift tax exclusions 7a7 ,gift tax exclusion for contributions to #ebi plans ,section #bejc7;b7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraph3 7#c7 ,exclusion for contributions to #ebi plans ,the dollar amount in effect under paragraph 7#a7 with respect to gifts 7to which such paragraph applies7 made to any person during any calendar year shall be increased 7not in excess of #bj1jjj7 by the amount of such gifts made during such calendar year to qualified tuition programs 7as defined in section #ebi7 with respect to which such person is the designated beneficiary4 4 7b7 ,effective date ,the amendments made by this section shall apply to gifts made after ,december #ca1 #bjbf4 #e4 ,tax-exempt bonds restricted to ,states that implement school choice laws 7a7 ,in general ,section #ajc of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7d7 ,restriction to ,states that implement school choice laws 7#a7 ,in general ,subsection 7a7 shall not apply to any ,state or local bond unless such bond is issued by a minimum school choice ,state or a political subdivision of such a ,state4 7#b7 ,partial exclusion with respect to certain ,states 7,a7 ,in general ,in the case of any ,state or local bond issued by a minimum school choice ,state which does not meet the requirements of subparagraph 7,b7 7or issued by any political subdivision of such a ,state71 subsection 7a7 shall be applied by substituting #ej percent of the interest for interest4 7,b7 ,requirements ,a minimum school choice ,state meets the requirements of this subparagraph if the ,secretary determines that-- 7i7 at least #fe percent of the specified school age children are eligible for one or more of such ,state's school choice programs1 and 7ii7 the average amount spent by such ,state on the education of each specified school age child eligible for one or more of such ,state's school choice programs is at least #ge percent of the average amount spent by such ,state on the education of each specified school age child not eligible for one or more of such programs4 7#c7 ,minimum school choice ,state ,for purposes of this subsection1 the term minimum school choice ,state means any ,state if the ,secretary determines that-- 7,a7 such ,state has enacted one or more school choice programs1 7,b7 at least #dj percent of the specified school age children are eligible for one or more of such ,state's school choice programs1 and 7,c7 the average amount spent by such ,state on the education of each specified school age child eligible for one or more of such ,state's school choice programs is at least #fj percent of the average amount spent by such ,state on the education of each specified school age child not eligible for one or more of such programs4 7#d7 ,school choice programs ,for purposes of this subsection1 the term school choice program means1 with respect to any ,state1 each of the following with respect to elementary and secondary education in such ,state3 7,a7 ,tax credit scholarship programs4 7,b7 ,voucher programs4 7,c7 ,education savings account program4 7,d7 ,refundable tax credit for private education expenses4 7#e7 ,specified school age child ,for purposes of this subsection1 the term specified school age child means1 with respect to any ,state1 any individual residing in such ,state who has not attained age #ah4 4 7b7 ,effective date ,the amendment made by this section shall apply to bonds issued after the date of the enactment of this ,act4