Page:United States Statutes at Large Volume 115 Part 3.djvu/336

 115 STAT. 2410 PUBLIC LAW 107-131^JAN. 16, 2002 Public Law 107-131 107th Congress An Act Jan. 16, 2002 To amend the Internal Revenue Code of 1986 to simplify the reporting requirements pa.R. 3346] relating to higher education tuition and related expenses. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SIMPLIFICATION OF REPORTING REQUIREMENTS RELATING TO HIGHER EDUCATION TUITION AND RELATED EXPENSES. (a) AMENDMENT RELATING TO PERSONS REQUIRED TO MAKE RETURN.— Paragraph (1) of section 6050S(a) of the Internal Revenue 26 USC 6050S. Code of 1986 (relating to returns relating to higher education tuition and related expenses) is amended to read as follows: "(1) which is an eligible educational institution which enrolls any individual for any academic period;". (b) AMENDMENTS RELATING TO FORM AND MANNER OF RETURNS.— Subsection (b) of section 6050S of such Code is amended as follows: (1) Paragraph (1) is amended by inserting "and" after the comma at the end. (2) Subparagraph (A) of paragraph (2) is amended to read as follows: "(A) the name, address, and TIN of any individual— "(i) who is or has been enrolled at the institution and with respect to whom transactions described in subparagraph (B) are made during the calendar year, or "(ii) with respect to whom pa3mttents described in subsection (a)(2) or (a)(3) were made or received,". (3) Paragraph (2) of section 6050S(b) of such Code is amended by striking subparagraph (B) and redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively. (4) Subparagraph (B) of section 6050S(b)(2) of such Code, as redesignated by paragraph (3), is amended to read as follows: "(B) the— "(i) aggregate amount of payments received or the aggregate amount billed for qualified tuition and related expenses with respect to the individual described in subparagraph (A) during the calendar year, "(ii) aggregate amount of grants received by such individual for payment of costs of attendance that are administered and processed by the institution during such calendar year.

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