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HR 2902 110th Congress House Taxation Books Caregivers College costs Day care Education Families Grandparents Higher education Income tax Minimum tax Parents Tax deductions Tax exemption Textbooks Tuition tax credits

Middle Class Opportunity Act of 2007

Introduced: June 28, 2007 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2007
Referred to the House Committee on Ways and Means.
Jun 28, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

Middle Class Opportunity Act of 2007 - Amends the Internal Revenue Code to: (1) increase the child tax credit for the first year in which a child is claimed as a qualifying child; (2) expand eligibility for the dependent care tax credit and allow such credit for expenses to care for parents (and ancestors of such parents) not residing with the taxpayer; and (3) provide for an increased alternative minimum tax exemption amount through 2008

Replaces the Hope and Lifetime Learning tax credits with an expanded education tax credit which provides for a 100% education tax credit for qualified tuition and related expenses (including a certain allowance for books) up to $1,000, 50% for such expenses between $1,000 and $3,000, and 20% of such expense between 3,000 and $5,500. Reduces credit amounts for taxpayers with modified adjusted gross incomes over $70,000 ($140,000 in the case of a joint tax return). Allows an inflation adjustment to credit amounts beginning after 2008.

Limits such credit to three eligible students per taxpayer in any taxable year and for four taxable years.

Denies such credit for certain part-time students and for students convicted of a felony drug offense.

Repeals the tax deduction for qualified tuition and related expenses.

What's happening now June 28, 2007

Referred to the House Committee on Ways and Means.

 Related & companion bills 5
  • HR 1911 Related bill Tax Relief for Working Caregivers Act of 2007
  • HR 7036 Related bill Elder Care Tax Credit Act of 2008
  • S 851 Related bill Higher Education Opportunity Act of 2007
  • S 2763 Related bill Higher Education Opportunity Act of 2008
  • S 614 Identical bill Middle Class Opportunity Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
Davis, Danny K.
Illinois · Jul 11, 2007
 D
Castor, Kathy
Florida · Jun 28, 2007
 D
Cohen, Steve
Tennessee · Jun 28, 2007
 D
Hirono, Mazie K.
Hawaii · Jun 28, 2007
 D
Johnson, Henry C. "Hank"
Georgia · Jun 28, 2007
 D
Murphy, Christopher
Connecticut · Jun 28, 2007
 D
Welch, Peter
Vermont · Jun 28, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2902: Middle Class Opportunity Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2902/
MLA
"H.R. 2902: Middle Class Opportunity Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2902/.
Bluebook (legal)
H.R. 2902, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2902/.
Markdown link
[H.R. 2902: Middle Class Opportunity Act of 2007](https://openamerica.io/bill/110-HR-2902/)
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