Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. REFUNDABLE CREDIT FOR CHILD DISABILITY EDUCATION AND
TRAINING EXPENSES.

(a) In General.--Subpart C of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to refundable personal
credits) is amended by redesignating section 35 as section 36 and
inserting after section 34 the following new section:

''SEC. 35. CHILD DISABILITY EDUCATION AND TRAINING EXPENSES.

''(a) Allowance of Credit.--In the case of an individual, there
shall be allowed as a credit against the tax imposed by this subtitle
for the taxable year an amount equal to the amount paid or incurred by
the taxpayer during the taxable year for qualified child disability
expenses.
''(b) Limitations.--
''(1) Maximum dollar amount.--The amount allowed as a
credit under subsection (a) to the taxpayer for the taxable
year shall not exceed $2,000.
''(2) Limitation based on adjusted gross income.--
''(A) In general.--The amount of the credit
allowable under subsection (a) (after application of
paragraph (1)) shall be reduced (but not below zero) by
$500 for each $1,000 (or fraction thereof) by which the
taxpayer's modified adjusted gross income exceeds
$150,000.
''(B) Modified adjusted gross income.--For purposes
of subparagraph (A), the term 'modified adjusted gross
income' means adjusted gross income increased by any
amount excluded from gross income under section 911,
931, or 933.
''(C) Cost-of-living adjustment.--
''(i) In general.--In the case of any
taxable year beginning in a calendar year after
2002, the $150,000 amount under subparagraph
(A) shall be increased by an amount equal to--
''(I) such dollar amount,
multiplied by
''(II) the cost-of-living
adjustment determined under section
1(f)(3) for the calendar year in which
the taxable year begins, determined by
substituting 'calendar year 2001' for
'calendar year 1992' in subparagraph
(B) thereof.
''(ii) Rounding rules.--If any amount after
adjustment under clause (i) is not a multiple
of $1,000, such amount shall be rounded to the
next lower multiple of $1,000.
''(c) Qualified Child Disability Expenses.--For purposes of this
section--
''(1) In general.--The term 'qualified child disability
expenses' means amounts paid for services and equipment related
to education and training of a qualified child of the taxpayer
in connection with a developmental disability of such child,
including--
''(A) behavioral therapy,
''(B) speech therapy,
''(C) occupational therapy,
''(D) physical therapy,
''(E) auditory therapy,
''(F) assistive communication technology, and
''(G) such other services as the Secretary may, in
consultation with the Secretary of Health and Human
Services and the Secretary of Education, provide by
regulation.
''(2) Developmental disability.--The term 'developmental
disability' has the same meaning given the term in section 102
of the Developmental Disabilities Assistance and Bill of Rights
Act of 2000 (Public Law 106-402; 114 Stat. 1682).
''(3) Qualified child.--The term 'qualified child' means
any individual if--
''(A) the taxpayer is allowed a deduction under
section 151 with respect to such individual for the
taxable year,
''(B) such individual has not attained the age of
18 as of the close of the calendar year in which the
taxable year of the taxpayer begins, and
''(C) such individual bears a relationship to the
taxpayer described in section 32(c)(3)(B).
''(d) Verification Requirements.--
''(1) Expenses must be substantiated.--Qualified child
disability expenses to which subsection (a) applies may be
taken into account under this section only if the taxpayer
substantiates such expense in such form as the Secretary may
prescribe.
''(2) Identification requirement.--No credit shall be
allowed under this section with respect to any qualified child
unless the taxpayer includes the name and taxpayer
identification number of such qualified child on the return of
tax for the taxable year.
''(e) Special Rules.--
''(1) Denial of double benefit.--
''(A) In general.--No credit shall be allowed under
subsection (a) for any expense for which a deduction or
credit is allowed under any other provision of this
chapter.
''(B) Grants.--No credit shall be allowed under
subsection (a) for any expense to the extent that funds
for such expense are received under any Federal, State,
or local program.
''(2) Married couples must file joint returns.--Rules
similar to the rules of paragraphs (2), (3), and (4) of section
21(e) shall apply for purposes of this section.
''(3) Basis adjustment.--For purposes of this subtitle, if
a credit is allowed under this section for any expenditure with
respect to any property, the increase in the basis of such
property which would (but for this subsection) result from such
expenditure shall be reduced by the amount of the credit so
allowed.''.
(b) Conforming Amendments.--
(1) Paragraph (2) of section 1324(b) of title 31, United
States Code, is amended by inserting before the period '', or
from section 35 of such Code''.
(2) The table of sections for subpart C of part IV of
subchapter A of chapter 1 of the Internal Revenue Code of 1986
is amended by striking the last item and inserting the
following new items:

''Sec. 35. Child disability expenses.
''Sec. 36. Overpayments of tax.''.
(3) Section 1016(a) of such Code is amended by striking
''and'' at the end of paragraph (26), by striking the period at
the end of paragraph (27) and inserting '', and'', and by
adding at the end the following:
''(28) in the case of property with respect to which a
credit was allowed under section 35, to the extent provided in
section 35(e)(3).''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2001.
Student:
Amends the Internal Revenue Code to allow a taxpayer an income-based credit ($2,000 maximum) for qualifying child disability education and training expenses paid on behalf of a dependent under the age of 18.