HR 6749
116th Congress
House
Taxation
Cardiovascular and respiratory health
Emergency medical services and trauma care
Higher education
Income tax credits
Income tax exclusion
Infectious and parasitic diseases
Inflation and prices
Student aid and college costs
American Opportunity Student Tax Relief Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2020
Referred to the House Committee on Ways and Means.
May 8, 2020
Introduced in House
Plain-English summary
American Opportunity Student Tax Relief Act of 2020
This bill increases the dollar amounts of the American Opportunity and Lifetime Learning tax credits for taxable years beginning in 2020 and increases the refundable portions of such credits. It also expands the tax exclusion for Pell Grants and makes such expanded exclusion retroactive to taxable years beginning after December 31, 2019. The bill also allows a tax exclusion beginning in 2020 for any emergency financial aid grant amount received by a student in response to COVID-19 (i.e., coronavirus disease 2019).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1