HR 4872
114th Congress
House
Taxation
Bank accounts, deposits, capital
Higher education
Income tax credits
Student aid and college costs
Save for Success Act
Introduced: March 23, 2016
Introduced by:
Luján, Ben Ray
Democratic
· New Mexico
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Mar 23, 2016
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 23, 2016
Introduced in House
Plain-English summary
Save for Success Act
This bill amends the Internal Revenue Code to: (1) modify the American Opportunity Tax Credit to include an increased credit amount for college savings contributions, and (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of educational expenses for a student as such expenses are incurred during the taxable year.
Treasury shall establish a taxpayer awareness program to inform the public of the availability of the American Opportunity Tax Credit.
What's happening now
Referred to the Subcommittee on Higher Education and Workforce Training.
Committees of jurisdiction
3