US Congress House Bill 3476 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 13 2013 - 25% progression, died in committee
Action: 2013-11-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Middle Class College Tuition Tax Credit Expansion Act - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a new American Opportunity Tax Credit that: (1) allows an increased income tax credit for the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, (2) increases the income threshold for reductions in the credit amount based upon modified adjusted gross income, (3) allows a lifetime dollar limitation on such credit of $25,000 for all taxable years, and (4) makes 50% of the credit refundable. Allows an exclusion from gross income of any amount received as a Federal Pell Grant.

Middle Class College Tuition Tax Credit Expansion Act

Rep. Steve Israel [D-NY]

Date	Chamber	Action
2013-11-13	House	Referred to the House Committee on Ways and Means.

HB1738 (Related) 2013-04-25 - Referred to the House Committee on Ways and Means.
HB2275 (Related) 2013-06-06 - Referred to the House Committee on Ways and Means.
HB3393 (Related) 2014-07-29 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 493.
HB3437 (Related) 2013-10-30 - Referred to House Education and the Workforce
SB835 (Related) 2013-04-25 - Read twice and referred to the Committee on Finance.
SB1090 (Related) 2013-06-04 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3476/all-info
Text	https://www.congress.gov/113/bills/hr3476/BILLS-113hr3476ih.pdf