109 HR 6170 IH: To amend the Internal Revenue Code of 1986 to modify and U.S. House of Representatives 2006-09-25 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 2d Session H. R. 6170 IN THE HOUSE OF REPRESENTATIVES September 25, 2006 Mr. Burton of Indiana (for himself, Mr. Paul, Mr. Fortuño, Ms. Jackson-Lee of Texas, and Mr. Delahunt) 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 modify and make permanent the deduction for qualified tuition and related expenses.

1.

Deduction for qualified tuition and related expenses

(a)

Deduction made permanent

(1)

In general

Section 222 of the Internal Revenue Code of 1986 is amended by striking subsection (e). (2)

EGTRRA sunset

Title IX of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall not apply to section 431 of such Act. (b)

Increase in dollar limitation; repeal of AGI phaseout

Subsection (b) of section 222 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 $5,000. . (c)

Allowance of deduction to grandparents

Subsection (d) of section 222 of such Code is amended by redesignating paragraph (6) as paragraph (7) and inserting after paragraph (5) the following new paragraph: (6)

Grandchildren treated as dependents

(A)

In general

For purposes of determining qualified tuition and related expenses for purposes of this section, any grandchild of the taxpayer shall be treated as a dependent of the taxpayer. (B)

Grandchildren

For purposes of this paragraph, the term grandchild means a child of any child of the taxpayer. . (d)

Effective date

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