US HB5878 | 2011-2012 | 112th Congress
Status
May 31 2012 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Deductibility and Incentives to Promote Learning Opportunities and Maximize Assistance Act of 2012 or the DIPLOMA Act of 2012 - Amends the Internal Revenue Code to: (1) allow an unlimited tax deduction for qualified tuition and related expenses for taxpayers whose adjusted gross incomes do not exceed $80,000 ($160,000 for joint returns), (2) extend such deduction through 2017, (3) allow a tax deduction for principal amounts paid on education loans for the first 60 months of such loans, and (4) extend the American Opportunity tax credit through 2017.
Title
Deductibility and Incentives to Promote Learning Opportunities
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-31 | House | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN05878:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112hr5878ih/pdf/BILLS-112hr5878ih.pdf |
