Sec. 402. Eligible educational institution
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Section 25A(f)(2) of the Internal Revenue Code of 1986 (relating to eligible educational institution) is amended to read as follows: The term eligible educational institution means— an institution— which is described in section 101(b) or 102(a) of the Higher Education Act of 1965, and which is eligible to participate in a program under title IV of such Act, or a commercial nanotechnology training provider (as defined in section 30E(c)(3)). . The second sentence of section 221(d)(2) of the Internal Revenue Code of 1986 is amended by striking section 25A(f)(2) and inserting section 25A(f)(2)(A) .
The amendments made by this section shall apply to taxable years beginning after December 31, 2015.