Statements on Introduced Bills and Joint Statements - S. 2995

STATEMENTS ON INTRODUCED BILLS AND JOINT RESOLUTIONS

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.

© 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.