26 USC 1400O: Education tax benefits
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26 USC 1400O: Education tax benefits Text contains those laws in effect on January 15, 2013
From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter Y-Short-Term Regional BenefitsPART II-TAX BENEFITS FOR GO ZONES
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§1400O. Education tax benefits

In the case of an individual who attends an eligible educational institution (as defined in section 25A(f)(2)) located in the Gulf Opportunity Zone for any taxable year beginning during 2005 or 2006-

(1) in applying section 25A, the term "qualified tuition and related expenses" shall include any costs which are qualified higher education expenses (as defined in section 529(e)(3)),

(2) each of the dollar amounts in effect under subparagraphs (A) and (B) of section 25A(b)(1) shall be twice the amount otherwise in effect before the application of this subsection, and

(3) section 25A(c)(1) shall be applied by substituting "40 percent" for "20 percent".

(Added Pub. L. 109–135, title I, §102(a), Dec. 21, 2005, 119 Stat. 2594 ; amended Pub. L. 110–172, §11(a)(26), Dec. 29, 2007, 121 Stat. 2487 .)

Amendments

2007-Par. (2). Pub. L. 110–172 substituted "under" for "under of".