[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 1412 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                S. 1412

   To amend the Internal Revenue Code of 1986 to limit the reporting 
 requirements regarding higher education tuition and related expenses, 
                        and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 22, 1999

    Ms. Collins (for herself, Mr. DeWine, and Mr. Smith of Oregon) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to limit the reporting 
 requirements regarding higher education tuition and related expenses, 
                        and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Higher Education Reporting Relief 
Act of 1999''.

SEC. 2. PROHIBITION OF ADDITIONAL REQUIREMENTS.

    Subsection (g) of section 6050S of the Internal Revenue Code of 
1986 (relating to returns relating to higher education tuition and 
related expenses) is amended by adding at the end the following: 
``Prior to calendar year 2002, the Secretary shall not require any 
information to be reported under this section in addition to the 
information required under subsections (b) and (d) and Internal Revenue 
Service Notice 97-73.''.

SEC. 3. MODERNIZATION OF INTERNAL REVENUE SERVICE COMPUTERS.

    Not later than January 1, 2003, the Secretary of the Treasury shall 
implement any update or modernization of the computer system of the 
Internal Revenue Service required to allow such system to match the TIN 
(as defined in section 7701(a)(41) of the Internal Revenue Code of 
1986) of an individual with any return filed by a person claiming the 
individual as a dependent.
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