HR 823
115th Congress
House
Taxation
Higher education
Income tax credits
Income tax exclusion
Inflation and prices
Student aid and college costs
Expand American Educational Opportunity Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 2017
Referred to the House Committee on Ways and Means.
Feb 2, 2017
Introduced in House
Plain-English summary
Expand American Educational Opportunity Act of 2017
This bill amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a modified American Opportunity Tax Credit that: (1) allows an income tax credit of up to $2,500 of the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, (2) allows a lifetime dollar limitation for the credit of $15,000 for all taxable years, and (3) increases the refundable portion of the credit to a maximum of $1,500. The bill allows an exclusion from gross income of any amount received as a Federal Pell Grant.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1