Sec. 4. Report on net tuition for certain institutions of higher education
194 words·~1 min read·
/bill/115/hr/5916/ih/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subpart B of part III of subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: Each institution of higher education (as defined in section 170(p)(2)) shall for the taxable year make a return to the Secretary which contains— the amount of the excess (if any), for each working-family student (as defined in such section) at such institution, of— the cost of attendance at such institution (as defined in section 472), over the grants from such institution received by such student, and the number of students enrolled at such institution on the first day of the taxable year.
Such return shall be made at such time, and in such form and manner, as the Secretary may by regulation prescribe. . The table of sections for subpart B of part III of subchapter A of chapter 61 of such Code is amended by adding at the end the following new item: Sec. 6050X. Disclosures required with respect to net tuition. . The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.