PAYEE STATEMENT REQUIRED TO CLAIM CERTAIN EDUCATION TAX BENEFITS.

SEC. 804. PAYEE STATEMENT REQUIRED TO CLAIM CERTAIN EDUCATION TAX BENEFITS. (a) American Opportunity Credit, Hope Scholarship Credit, and Lifetime Learning Credit.— (1) [26 U.S.C. 25A] In general.—Section 25A(g) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: “(8) Payee statement requirement.—Except as otherwise provided by the Secretary, no credit shall be allowed under this section unless the taxpayer receives a statement furnished under section 6050S(d) which contains all of the information required by paragraph (2) thereof.” . (2) Statement received by dependent.—Section 25A(g)(3) of such Code is amended by striking “and” at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting “, and”, and by adding at the end the following: “(C) a statement described in paragraph (8) and received by such individual shall be treated as received by the taxpayer.” . (b) Deduction for Qualified Tuition and Related Expenses.—Section 222(d) of such Code is amended by redesignating paragraph (6) as paragraph (7), and by inserting after paragraph (5) the following new paragraph: “(6) Payee statement requirement.— “(A) In general.—Except as otherwise provided by the Secretary, no deduction shall be allowed under subsection (a) unless the taxpayer receives a statement furnished under section 6050S(d) which contains all of the information required by paragraph (2) thereof. “(B) Statement received by dependent.—The receipt of the statement referred to in subparagraph (A) by an individual described in subsection (c)(3) shall be treated for purposes of subparagraph (A) as received by the taxpayer.” . (c) [26 U.S.C. 6050S] Information Required To Be Provided on Payee Statement.—Section 6050S(d)(2) of such Code is amended to read as follows: “(2) the information required by subsection (b)(2).” . (d) [26 U.S.C. 25A note] Effective Date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.