HR 386
111th Congress
House
Taxation
Higher education
Income tax credits
Student aid and college costs
CLASS Act of 2009
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 15, 2009
Sponsor introductory remarks on measure. (CR H370)
Jan 9, 2009
Referred to the House Committee on Ways and Means.
Jan 9, 2009
Introduced in House
Plain-English summary
College Learning Access Simplicity and Savings Act of 2009 or the CLASS Act of 2009 - Amends the Internal Revenue Code to replace the Hope Scholarship tax credit with the College Affordability Credit, which shall allow: (1) a partially refundable tax credit of up to $1,200 for qualified tuition and related expenses (including required course materials) at an institution of higher education; and (2) an additional 50% tax credit for such expenses exceeding $1,200 but not exceeding $4,800.
Repeals the tax deduction for qualified tuition and related expenses.
What's happening now
Sponsor introductory remarks on measure. (CR H370)
Committees of jurisdiction
1