[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 2272 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 2272

 To amend the Internal Revenue Code of 1986 to increase the deduction 
 for host families of foreign exchange and other students from $50 per 
                        month to $200 per month.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

            February 10 (legislative day, February 9), 2006

  Mr. Coleman (for himself and Mr. Johnson) 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 increase the deduction 
 for host families of foreign exchange and other students from $50 per 
                        month to $200 per month.

    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 ``Youth Exchange Support Act of 
2006''.

SEC. 2. INCREASE IN CHARITABLE DEDUCTION FOR AMOUNTS PAID TO MAINTAIN 
              CERTAIN STUDENTS AS MEMBERS OF TAXPAYER'S HOUSEHOLD.

    (a) In General.--Subparagraph (A) of section 170(g)(2) of the 
Internal Revenue Code of 1986 (relating to amounts paid to maintain 
certain students as members of taxpayer's household) is amended by 
striking ``$50'' and inserting ``$200''.
    (b) Adjustment for Inflation.--Section 170(g) of such Code is 
amended by adding at the end the following new paragraph:
            ``(5) Adjustment for inflation.--
                    ``(A) In general.--In the case of any taxable year 
                beginning in a calendar year after 2006, the $200 
                amount contained in paragraph (2)(A) shall be increased 
                by an amount equal to--
                            ``(i) $200, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins 
                        by substituting `calendar year 2005' for 
                        `calendar year 1992' in subparagraph (B) 
                        thereof.
                    ``(B) Rounding.--If any increase determined under 
                paragraph (1) is not a multiple of $10, such increase 
                shall be rounded to the next highest multiple of 
                $10.''.
    (c) Effective Date.--The amendments made by this Act shall apply to 
taxable years beginning after December 31, 2005.
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