HR 625
109th Congress
House
Taxation
College costs
Education
Equipment and supplies
Higher education
Income tax
Scholarships
Tax returns
Textbooks
Tuition tax credits
To amend the Internal Revenue Code of 1986 to allow the Hope Scholarship Credit to cover fees, books, supplies, and equipment and to exempt Federal Pell Grants and Federal supplemental educational opportunity grants from reducing expenses taken into account for the Hope Scholarship Credit.
Introduced: February 8, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 2005
Introduced in House
Feb 8, 2005
Referred to the House Committee on Ways and Means.
Plain-English summary
Amends the Internal Revenue Code to: (1) include certain additional expenses, such as fees, books, supplies and equipment, as qualified tuition and related expenses for purposes the Hope Scholarship Tax Credit; (2) exclude Federal Pell Grant and Supplemental Educational Opportunity Grant payments as mandatory reductions to expenses eligible for the Hope Scholarship Tax Credit; and (3) exempt the additional expenses allowed by this Act from certain tax reporting requirements.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1