HR1506-119

2. Certain amounts paid for water competency and life saving water safety lessons Section 213(d)(1) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (C), by striking the period at the end of subparagraph (D) and inserting , or, and by inserting after subparagraph (D) the following new subparagraph: for qualified water competency and water safety lesson expenses. Section 213(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The term qualified water competency and water safety lesson expenses means amounts paid to participate in basic water safety and basic swimming instruction or for equipment necessary for such participation. The aggregate amount treated as water competency and water safety expenses with respect to any taxpayer for any taxable year shall not exceed $500 ($1,000 in the case of a joint return or a head of household (as defined in section 2(b)). Amounts paid for lessons described in subparagraph (A) shall be treated as qualified expenses only— if such lessons are focused on water safety and competency lessons and are not intended for competitive swimming or training lessons, and in the case of amounts paid for any single item equipment, such amounts do not exceed $100. The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. (E)for qualified water competency and water safety lesson expenses.. (12)Qualified water competency and water safety lesson expenses (A)In generalThe term qualified water competency and water safety lesson expenses means amounts paid to participate in basic water safety and basic swimming instruction or for equipment necessary for such participation. (B)Overall dollar limitationThe aggregate amount treated as water competency and water safety expenses with respect to any taxpayer for any taxable year shall not exceed $500 ($1,000 in the case of a joint return or a head of household (as defined in section 2(b)). (C)Limitations related to water competency and water safety lessonsAmounts paid for lessons described in subparagraph (A) shall be treated as qualified expenses only— (i)if such lessons are focused on water safety and competency lessons and are not intended for competitive swimming or training lessons, and (ii)in the case of amounts paid for any single item equipment, such amounts do not exceed $100..