,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dijg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bd1     
#bjbf,mrs4 ,moody 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 increase the 
excise tax on investment income of      
private colleges and universities and   
provide greater funding to career and   
technical education4  #a4 ,short title  
,this ,act may be cited as the          
,technical ,reinvestment and            
,apprenticeship ,development through    
,endowment ,sharing ,act or the ,,trades
 ,act4  #b4 ,supporting career and      
technical education for ,americans  7a7 
,in general ,section #difh7;b77#c7 of   
the ,internal ,revenue ,code of #aihf is
 amended by striking #h percent and     
inserting #ae percent4  7b7 ,funding for
 ,career and ,technical ,education ,in  
addition to any other amounts made      
available to provide assistance to      

,states under title ,i of the ,carl ,d4 
,perkins ,career and ,technical         
,education ,act of #bjjf 7#bj ,u4,s4,c4 
#bcba et seq471 the ,secretary of the   
,treasury 7or the ,secretary's delegate7
 shall1 on an annual basis1 transfer to 
such program1 from amounts in the       
general fund of the ,treasury of the    
,united ,states1 an amount determined by
 the ,secretary of the ,treasury 7or the
 ,secretary's delegate7 to be equal to  
the increase in revenue for the         
preceding #ab-month period by reason of 
the amendments made by subsection 7a74  
7c7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after the date which is 
#ab months after the date of enactment  
of this ,act4