[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7596]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1725. Mr. CRUZ (for himself, Mr. Cotton, Mr. Lee, and Mr. Sasse)
submitted an amendment intended to be proposed to amendment SA 1618
proposed by Mr. McConnell (for Mr. Hatch (for himself and Ms.
Murkowski)) to the bill H.R. 1, to provide for reconciliation pursuant
to titles II and V of the concurrent resolution on the budget for
fiscal year 2018; which was ordered to lie on the table; as follows:
At the end of part IV of subtitle A of title I, insert the
following:
SEC. 11033. 529 ACCOUNT FUNDING FOR ELEMENTARY AND SECONDARY
EDUCATION.
(a) In General.--
(1) In general.--Section 529(c) is amended by adding at the
end the following new paragraph:
``(7) Treatment of elementary and secondary tuition.--Any
reference in this subsection to the term `qualified higher
education expense' shall include a reference to--
``(A) expenses for tuition in connection with enrollment or
attendance at an elementary or secondary public, private, or
religious school, and
``(B) expenses for--
``(i) curriculum and curricular materials,
``(ii) books or other instructional materials,
``(iii) online educational materials,
``(iv) tuition for tutoring or educational classes outside
of the home (but only if the tutor or instructor is not
related to the student),
``(v) dual enrollment in an institution of higher
education, and
``(vi) educational therapies for students with
disabilities,
in connection with a homeschool (whether treated as a
homeschool or a private school for purposes of applicable
State law).''.
(2) Limitation.--Section 529(e)(3)(A) is amended by adding
at the end the following: ``The amount of cash distributions
from all qualified tuition programs described in subsection
(b)(1)(A)(ii) with respect to a beneficiary during any
taxable year shall, in the aggregate, include not more than
$10,000 in expenses described in subsection (c)(7) incurred
during the taxable year.''.
(b) Offset.--Paragraph (2) of section 127(a) is amended--
(1) by striking ``$5,250'' in the heading and inserting
``$2,500'', and
(2) by striking ``$5,250'' each place it appears and
inserting ``$2,500''.
(c) Effective Date.--The amendments made by this section
shall apply to contributions made after December 31, 2017.
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