II 110th CONGRESS 2d Session S. 3243 IN THE SENATE OF THE UNITED STATES July 10 (legislative day, July 9), 2008 Mr. Vitter (for himself and Mr. DeMint) 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 allow expenses relating to all home schools to be qualified education expenses for purposes of a Coverdell education savings account.

1.

Allowance of home school expenses as qualified education expenses for purposes of a Coverdell education savings account

(a)

In general

Paragraph (3) of section 530(b) of the Internal Revenue Code of 1986 (relating to qualified elementary and secondary education expenses) is amended by adding at the end the following new subparagraph: (C)

Private school

For purposes of this section, the term private school includes any home school that meets the requirements of State law applicable to such home schools, whether or not such school is deemed a private school for purposes of State law. . (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2007.