[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2909 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 2909

   To amend the Internal Revenue Code of 1986 to make permanent the 
deduction for qualified tuition and related expenses and to repeal the 
sunset of the Economic Growth and Tax Relief Reconciliation Act of 2001 
 with respect to such deduction and the extension of the exclusion for 
               employer-provided educational assistance.


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                   IN THE SENATE OF THE UNITED STATES

                           September 5, 2002

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 make permanent the 
deduction for qualified tuition and related expenses and to repeal the 
sunset of the Economic Growth and Tax Relief Reconciliation Act of 2001 
 with respect to such deduction and the extension of the exclusion for 
               employer-provided educational assistance.

    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 ``College Tuition Relief Act of 
2002''.

SEC. 2. PERMANENT DEDUCTION FOR QUALIFIED TUITION AND RELATED EXPENSES.

    (a) Permanent Deduction.--
            (1) In general.--Section 222 of the Internal Revenue Code 
        of 1986 (relating to qualified tuition and related expenses) is 
        amended by striking subsection (e).
            (2) Conforming amendment.--Subparagraph (B) of section 
        222(b)(2) of such Code (relating to applicable dollar limit) is 
        amended by striking ``2004 and 2005.--In the case of a taxable 
        year beginning in 2004 or 2005,'' and inserting ``2004 and 
        thereafter.--In the case of any taxable year beginning after 
        2003,''.
    (b) Repeal of Suspension.--Section 901 of the Economic Growth and 
Tax Relief Reconciliation Act of 2001 is amended by adding at the end 
the following new subsection:
    ``(c) Exception.--Subsection (a) shall not apply to the amendments 
made by section 431 (relating to qualified tuition and related 
expenses).''.

SEC. 3. REPEAL OF APPLICABILITY OF SUNSET OF THE ECONOMIC GROWTH AND 
              TAX RELIEF RECONCILIATION ACT OF 2001 WITH RESPECT TO 
              EXTENSION OF EXCLUSION FOR EMPLOYER-PROVIDED EDUCATIONAL 
              ASSISTANCE.

    Section 901 of the Economic Growth and Tax Relief Reconciliation 
Act of 2001 is amended by adding at the end the following new 
subsection:
    ``(c) Exception.--Subsection (a) shall not apply to the amendments 
made by section 411 (relating to modifications to extension of 
exclusion for employer-provided educational assistance).''.
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