the date on which the taxpayer made the qualified contribution. (c) Real-Time information For purposes of this section, the Secretary of the Treasury (or the Secretary’s delegate) shall develop a system to track the amount of qualified contributions made during the calendar year for which a credit may be claimed under section 25F or 45AA of the Internal Revenue Code of 1986, with such information to be updated in real time. (d) Annual increases (1) In general In the case of the calendar year after a high use calendar year, the dollar amount otherwise in effect under subsection (a) for such calendar year shall be equal to 105 percent of the dollar amount in effect for such high use calendar year. (2) High use calendar year For purposes of this subsection, the term high use calendar year means any calendar year for which 90 percent or more of the volume cap in effect for such calendar year under subsection (a) is allocated to taxpayers. (3) Prevention of decreases in annual volume cap The volume cap in effect under subsection (a) for any calendar year shall not be less than the volume cap in effect under such subsection for the preceding calendar year. (4) Publication of annual volume cap The Secretary of the Treasury (or the Secretary’s delegate) shall make publicly available the dollar amount of the volume cap in effect under subsection (a) for each calendar year. (e) States For purposes of this section, the term State includes the District of Columbia. 4. Exemption from gross income for scholarships for qualified elementary or secondary education expenses of eligible students (a) In general Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section: 139J. Scholarships for qualified elementary or secondary education expenses of eligible students (a) In general In the case of an individual, gross income shall not include any amounts provided to any dependent of such individual pursuant to a scholarship for qualified elementary or