[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3346 Received in Senate (RDS)]

  1st Session
                                H. R. 3346


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            December 5, 2001

                                Received

_______________________________________________________________________

                                 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.

            Passed the House of Representatives December 4, 2001.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.