HR 1304
108th Congress
House
Taxation
Child care workers
Cost of living adjustments
Economics and Public Finance
Education
Elementary and secondary education
Families
Federal aid to education
Finance and Financial Sector
Higher education
Income tax
Indexing (Economic policy)
Interest
Scholarships
Student loan funds
Tax credits
Tax exclusion
Teachers
College Affordability and Lifetime Savings Act
Introduced: March 18, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2003
Referred to the House Committee on Ways and Means.
Mar 18, 2003
Sponsor introductory remarks on measure. (CR E485-486)
Mar 18, 2003
Introduced in House
Plain-English summary
College Affordability and Lifetime Savings Act - Amends the Internal Revenue Code to: (1) convert the current deduction for interest on education loans to a credit equal to 50 percent of the interest paid during the taxable year on any qualified education loan; and (2) exclude from gross income amounts which would be included under specified loan forgiveness programs for teachers and other public servants.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1