[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2995 Introduced in Senate (IS)]







108th CONGRESS
  2d Session
                                 S. 2995

  To permanently extend the income tax deduction for college tuition 
                               expenses.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 18, 2004

  Mr. Schumer (for himself, Mr. Biden, and Mr. Durbin) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
  To permanently extend the income tax deduction for college tuition 
                               expenses.

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

SECTION 1. PERMANENT EXTENSION OF TUITION DEDUCTION.

    (a) Repeal of Termination Clause.--Section 222 of the Internal 
Revenue Code of 1986 is amended by striking subsection (e).
    (b) Effective Date.--The amendment made by this section shall apply 
to payments made in taxable years beginning after December 31, 2005.
    (c) Provision Made Permanent.--Title IX of the Economic Growth and 
Tax Relief Reconciliation Act of 2001 (relating to sunset of provisions 
of such Act) shall not apply to section 431 of such Act.
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