S 1974
106th Congress
Senate
Taxation
College costs
Cost of living adjustments
Economics and Public Finance
Education
Educational finance
Finance and Financial Sector
Higher education
Income tax
Indexing (Economic policy)
Interest
Labor and Employment
Personal income tax
Student loan funds
Tax credits
Tax deductions
Vocational and technical education
Make College Affordable Act of 1999
Introduced: November 19, 1999
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 1999
Read twice and referred to the Committee on Finance.
Nov 19, 1999
Introduced in Senate
Plain-English summary
Make College Affordable Act of 1999 - Amends the Internal Revenue Code to allow an annual income-adjusted deduction for qualified higher education expenses (tuition and academic fees) paid on behalf of a taxpayer, spouse, dependent, or grandchild. (Prohibits the use in the same year of such deduction and the Hope and Lifetime Learning Credits.)
Establishes an annual income-adjusted credit (up to $1,500) for the interest paid during the first 60 months of a qualified higher education loan by a non-dependent taxpayer.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1