[Congressional Record Volume 150, Number 133 (Thursday, November 18, 2004)]
[Senate]
[Page S11497]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. SCHUMER (for himself, Mr. Biden, and Mr. Durbin):
  S. 2995. A bill to permanently extend the income tax deduction for 
college tuition expenses; to the Committee on Finance.
  Mr. SCHUMER. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the bill was ordered to be printed in the 
Record, as follows:

                                S. 2995

       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.
                                 ______