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S 2797 108th Congress Senate Taxation College costs Cost of living adjustments Economics and Public Finance Education Higher education Income tax Indexing (Economic policy) Tax deductions Textbooks

Textbook Affordability Act of 2004

Introduced: September 14, 2004 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 14, 2004
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9222)
Sep 14, 2004
Introduced in Senate
 Plain-English summary Congressional Research Service

Textbook Affordability Act of 2004 - Amends the Internal Revenue Code to include the cost of books required for enrollment or attendance at an institution of higher education in the tax deduction for qualified tuition and related expenses. Limits the amount of such deduction to $1,000 with a prorated reduction for taxpayers with adjusted gross incomes over $65,000 (adjusted for inflation). Makes the tax deduction for such books permanent.

What's happening now September 14, 2004

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9222)

 Committees of jurisdiction 1