[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3346 Enrolled Bill (ENR)]

        H.R.3346

                      One Hundred Seventh Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

         Begun and held at the City of Washington on Wednesday,
             the third day of January, two thousand and one


                                 An Act


 
  To amend the Internal Revenue Code of 1986 to simplify the reporting 
 requirements relating to higher education tuition and related expenses.

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

SECTION 1. SIMPLIFICATION OF REPORTING REQUIREMENTS RELATING TO HIGHER 
              EDUCATION TUITION AND RELATED EXPENSES.

    (a) Amendment Relating to Persons Required To Make Return.--
Paragraph (1) of section 6050S(a) of the Internal Revenue Code of 1986 
(relating to returns relating to higher education tuition and related 
expenses) is amended to read as follows:
        ``(1) which is an eligible educational institution which 
    enrolls any individual for any academic period;''.
    (b) Amendments Relating to Form and Manner of Returns.--Subsection 
(b) of section 6050S of such Code is amended as follows:
        (1) Paragraph (1) is amended by inserting ``and'' after the 
    comma at the end.
        (2) Subparagraph (A) of paragraph (2) is amended to read as 
    follows:
            ``(A) the name, address, and TIN of any individual--
                ``(i) who is or has been enrolled at the institution 
            and with respect to whom transactions described in 
            subparagraph (B) are made during the calendar year, or
                ``(ii) with respect to whom payments described in 
            subsection (a)(2) or (a)(3) were made or received,''.
        (3) Paragraph (2) of section 6050S(b) of such Code is amended 
    by striking subparagraph (B) and redesignating subparagraphs (C) 
    and (D) as subparagraphs (B) and (C), respectively.
        (4) Subparagraph (B) of section 6050S(b)(2) of such Code, as 
    redesignated by paragraph (3), is amended to read as follows:
            ``(B) the--
                ``(i) aggregate amount of payments received or the 
            aggregate amount billed for qualified tuition and related 
            expenses with respect to the individual described in 
            subparagraph (A) during the calendar year,
                ``(ii) aggregate amount of grants received by such 
            individual for payment of costs of attendance that are 
            administered and processed by the institution during such 
            calendar year,
                ``(iii) amount of any adjustments to the aggregate 
            amounts reported by the institution pursuant to clause (i) 
            or (ii) with respect to such individual for a prior 
            calendar year,
                ``(iv) aggregate amount of reimbursements or refunds 
            (or similar amounts) paid to such individual during the 
            calendar year by a person engaged in a trade or business 
            described in subsection (a)(2), and
                ``(v) aggregate amount of interest received for the 
            calendar year from such individual, and''.
    (c) Conforming Amendments.--Subsection (d) of section 6050S of such 
Code is amended--
        (1) by striking ``or (B)''; and
        (2) in paragraph (2), by striking ``subparagraph (C)'' and 
    inserting ``subparagraph (B)''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by section 1 shall apply to expenses paid or 
assessed after December 31, 2002 (in taxable years ending after such 
date), for education furnished in academic periods beginning after such 
date.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.