109 HR 4443 IH: Higher Education Tax Deduction Expansion Act of 2005 U.S. House of Representatives 2005-12-06 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 1st Session H. R. 4443 IN THE HOUSE OF REPRESENTATIVES December 6, 2005 Mr. Israel introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend the deduction for qualified tuition and related expenses.

1.

Short title

This Act may be cited as the Higher Education Tax Deduction Expansion Act of 2005.

2.

Extension of deduction for qualified tuition and related expenses

(a)

Extension

Section 222 of the Internal Revenue Code of 1986 (relating to qualified tuition and related expenses) is amended by striking subsection (e). (b)

Increase in dollar limitation

Subsection (b) of such section of such Code is amended to read as follows: (b)

Dollar limitation

The amount allowed as a deduction under subsection (a) with respect to the taxpayer for any taxable year shall not exceed $7,500.. (c)

Effective date

The amendments made by this section shall apply to payments made in taxable years beginning after December 31, 2005.