,,ii  #aai? ,,congress  #b;d ,session   
,s4 #ecbb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #f1 #bjbf,mrs4  
,hyde-,smi? introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ,f9ance  ,a ,,bill  ,to am5d !       
,int]nal ,rev5ue ,code ( #aihf to modify
 ! cr$it am\nt = qualifi$ elem5t>y &    
second>y education s*ol>%ips4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,f$]al 
,tax ,cr$it ,s*ol>%ip ,improvem5t ,act4 
#b4 ,treatm5t ( jo9t returns2 inflation 
adju/m5t  7a7 ,9 g5]al ,p>agraph 7#a7 ( 
section #be;,f7b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ to read z foll[s3
  7#a7 ,doll> limitation ,= purposes (  
?is section-- 7,a7 ,9 g5]al ,! cr$it    
all[$ "u subsection 7a7 to any taxpay] =
 any taxable ye> %all n exce$ !         
applicable am\nt 7twice su* am\nt 9 !   
case ( a jo9t return74  7,b7 ,applicable
 am\nt ,! applicable am\nt is #a1gjj4   
7,c7 ,adju/m5t = inflation  7i7 ,9 g5]al
 ,9 ! case ( a taxable ye> beg9n+ aft]  
,decemb] #ca1 #bjbf1 ! #a1gjj am\nt "u  

subp>agraph 7,b7 %all be increas$ by an 
am\nt equal to-- 7,i7 su* am\nt1        
multipli$ by  7,,ii7 ! co/-(-liv+       
adju/m5t det]m9$ "u section #a7;f77#c7  
by sub/itut+ cal5d> ye> #bjbe = cal5d>  
ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4  
7ii7 ,r\nd+ ,if any increase det]m9$ "u 
clause 7i7 is n a multiple ( #ej1 su*   
increase %all be r\nd$ to ! ne>e/       
multiple ( #ej4  7iii7 ,publication (   
adju/$ am\nt ,n lat] ?an ,novemb] #a (  
ea* cal5d> ye>1 ! ,secret>y %all publi% 
! adju/$ limitation applicable = !      
foll[+ taxable ye>4  4  7b7 ,effective  
date ,! am5dm5t made by ?is section %all
 apply to taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjbe4