HR 941
109th Congress
House
Taxation
College costs
Cost of living adjustments
Economics and Public Finance
Education
Higher education
Income tax
Indexing (Economic policy)
Tax deductions
More Money for College Act
Introduced: February 17, 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 17, 2005
Referred to the House Committee on Ways and Means.
Feb 17, 2005
Introduced in House
Plain-English summary
More Money for College Act - Amends the Internal Revenue Code to: (1) eliminate the dollar limitation applicable to the tax deduction for qualified tuition and related expenses; (2) deny such deduction for taxpayers with adjusted gross incomes exceeding $80,000 ($160,000 for joint returns), adjusted for inflation; and (3) make such deduction permanent.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1