To amend the Internal Revenue Code of 1986 to provide a 4-year extension of the deduction for 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. SHORT TITLE.
This Act may be cited as the ``American College Tuition Tax Relief Act of 2012''.
SEC. 2. 4-YEAR EXTENSION OF SECTION 222 DEDUCTION FOR QUALIFIED TUITION AND RELATED EXPENSES.
(a) In General.--Subsection (e) of section 222 of the Internal Revenue Code of 1986 (relating to qualified tuition and related expenses) is amended by striking ``December 31, 2011'' and inserting ``December 31, 2015''. (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2011. <all>