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S 2851 111th Congress Senate Taxation Computers and information technology Educational facilities and institutions Educational technology and distance education Elementary and secondary education Employee benefits and pensions Financial services and investments Higher education Income tax credits Income tax deductions Indian social and development programs Inflation and prices Interest, dividends, interest rates Medical education Minority education Securities Student aid and college costs Teaching, teachers, curricula

A bill to make permanent certain education tax incentives, to modify rules relating to college savings plans, and for other purposes.

Introduced: December 8, 2009 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 9, 2009
Sponsor introductory remarks on measure. (CR S12800-12801)
Dec 8, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12711-12712)
Dec 8, 2009
Sponsor introductory remarks on measure. (CR S12711)
Dec 8, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) increase and make permanent the Hope Scholarship and Lifetime Learning tax credits; (2) make permanent the tax deduction for certain expenses of elementary and secondary school teachers; (3) make permanent the issuance authority for qualified zone academy bonds and qualified school construction bonds; and (4) make permanent provisions of the qualified tuition program allowing payment of computer technology or equipment.

Repeals the termination date (i.e., December 31, 2010) of the Economic Growth Tax Relief Reconciliation Act for the education provisions of that Act, including modifications to education individual retirement accounts and qualified tuition programs, employer-provided educational assistance, student loan assistance and forgiveness, arbitrage rebates for government financing of educational facilities, and tax deductions for higher education expenses.

What's happening now December 9, 2009

Sponsor introductory remarks on measure. (CR S12800-12801)

 Committees of jurisdiction 1