[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3282 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3282

 To allow a Hope Scholarship Credit for expenses paid in December 1997 
   for education furnished in academic periods beginning after 1997.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 26, 1998

 Mr. Bass (for himself, Mr. Filner, Mr. Murtha, Mr. Paul, Mr. Andrews, 
     Ms. Lofgren, Mr. Upton, Mr. Klug, Mr. Ehlers, Mr. English of 
 Pennsylvania, and Mr. Boehlert) introduced the following bill; which 
            was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To allow a Hope Scholarship Credit for expenses paid in December 1997 
   for education furnished in academic periods beginning after 1997.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ALLOWANCE OF HOPE SCHOLARSHIP CREDIT FOR EDUCATION EXPENSES 
              PAID IN DECEMBER 1997.

    (a) Election by Taxpayer.--A taxpayer may elect the application of 
subsection (b).
    (b) Allowance of Hope Scholarship.--In the case of an election made 
under subsection (a), for purposes of sections 25A, 135(d)(2), and 
6050S of the Internal Revenue Code of 1986 (as added by section 201 of 
the Taxpayer Relief Act of 1997), expenses paid in December 1997 for 
education furnished in academic periods beginning after such date shall 
be considered to have been paid in January 1998 and not in December 
1997.
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