S.Amdt. 2613
What it does: Adds SEC. __. EXPANSION OF HOPE SCHOLARSHIP CREDIT wherever appropriate
Sen. Edward M. Kennedy (D-MA)What it changes
1 change to S. 2020
Adds SEC. __. EXPANSION OF HOPE SCHOLARSHIP CREDIT wherever appropriate
Adds a sectionInserted: SEC. __. EXPANSION OF HOPE SCHOLARSHIP CREDIT.
Inserted: (a) Credit Allowed for Books and Room and Board.--
Inserted: (1) In general.--
Inserted: (A) Subsection (b) of section 25A is amended by striking "qualified tuition and related expenses" each place it occurs and inserting "qualified higher education expenses".
Inserted: (B) Subsection (f) of section 25A is amended by adding at the end the following new paragraph:
Inserted: "(3) Qualified higher education expenses.--The term 'qualified higher education expenses' has the meaning given such term under section 529(e)(3).".
Inserted: (2) Conforming amendments.--Subsections (e) and (g) of section 25A are amended by inserting "qualified higher education expenses or" before "qualified" each place it appears.
Inserted: (b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2004.
Inserted: SEC. __. MODIFICATIONS OF EFFECTIVE DATES OF LEASING PROVISIONS OF THE AMERICAN JOBS CREATION ACT OF 2004.
Inserted: (a) In General.--Section 849(b) of the American Jobs Creation Act of 2004 is amended by striking paragraphs (1) and (2), by redesignating paragraphs (3) and (4) as paragraphs (1) and (2), respectively, and by adding at the end the following new paragraph:
Inserted: "(3) Leases to foreign entities.--In the case of tax-exempt use property leased to a tax-exempt entity which is a foreign person or entity, the amendments made by this part shall apply to taxable years beginning after December 31, 2004, with respect to leases entered into on or before March 12, 2004.".
Inserted: (b) Effective Date.--The amendments made by this section shall take effect as if included in the enactment of the American Jobs Creation Act of 2004.
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Original wording
At the appropriate place, insert the following:
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As printed
SA 2613. Mr. KENNEDY (for himself, Mr. Bingaman, Mr. Levin, Mr. Durbin, and Ms. Mikulski) submitted an amendment intended to be proposed by him to the bill S. 2020, to provide for reconciliation pursuant to section 202(b) of the concurrent resolution on the budget for fiscal year 2006; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. EXPANSION OF HOPE SCHOLARSHIP CREDIT.
(a) Credit Allowed for Books and Room and Board.--
(1) In general.--
(A) Subsection (b) of section 25A is amended by striking “qualified tuition and related expenses” each place it occurs and inserting “qualified higher education expenses”.
(B) Subsection (f) of section 25A is amended by adding at the end the following new paragraph:
“(3) Qualified higher education expenses.--The term ‘qualified higher education expenses' has the meaning given such term under section 529(e)(3).”.
(2) Conforming amendments.--Subsections (e) and (g) of section 25A are amended by inserting “qualified higher education expenses or” before “qualified” each place it appears.
(b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2004.
SEC. __. MODIFICATIONS OF EFFECTIVE DATES OF LEASING PROVISIONS OF THE AMERICAN JOBS CREATION ACT OF 2004.
(a) In General.--Section 849(b) of the American Jobs Creation Act of 2004 is amended by striking paragraphs (1) and (2), by redesignating paragraphs (3) and (4) as paragraphs (1) and (2), respectively, and by adding at the end the following new paragraph:
“(3) Leases to foreign entities.--In the case of tax-exempt use property leased to a tax-exempt entity which is a foreign person or entity, the amendments made by this part shall apply to taxable years beginning after December 31, 2004, with respect to leases entered into on or before March 12, 2004.”.
(b) Effective Date.--The amendments made by this section shall take effect as if included in the enactment of the American Jobs Creation Act of 2004.
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Senate amendment submitted
November 17, 2005