3.0.0 3940 2023-01-12T17:52:04Z 2023-01-12T17:52:04Z Senate S S 2006-09-26 109 ssfi00 Finance Committee Senate Standing Referred to 2006-09-26T20:13:36Z 2006-09-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-09-26 Introduced in Senate IntroReferral 10000 9 Library of Congress S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. N L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2006-09-26 True Taxation Academic performance Bonds Business and social problems College costs Commerce Congress Cost of living adjustments Economics and Public Finance Education Elementary and secondary education Employee benefit plans Finance and Financial Sector Higher education Housing and Community Development Income tax Indexing (Economic policy) Interest Labor and Employment National forests Public Lands and Natural Resources Rural education Scholarships School personnel Sports and Recreation Sports personnel Student loan funds Sunset legislation Tax credits Tax deductions Tax exclusion Teachers Taxation

00 2006-09-26 Introduced in Senate 2006-10-24T21:09:26Z Educational Opportunity and Affordability Act of 2006 - Amends the Internal Revenue Code to: (1) increase, make permanent, and make athletic coaches, trainers, or assistants eligible for the tax deduction for the expenses of elementary and secondary school teachers; (2) allow the Hope scholarship credit for the first three years (currently, two years) of postsecondary education, expand the type of expenses eligible for the credit, and allow the receipt of Pell Grants and federal supplemental educational opportunity grants without a reduction in the allowable credit; (3) increase the employee tax exclusion for employer-provided educational assistance; (4) increase the tax deduction for student loan interest; (5) extend through 2010 the authority for issuing qualified zone academy bonds (QZABs) and include bonds issued for public schools in rural counties and counties with National Forest System Lands; and (6) increase the tax deduction for qualified tuition and related expenses.

]]>

Display Title Official Title as Introduced Introduced in Senate IS Short Titles as Introduced Introduced in Senate 2006-09-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3940is/xml/BILLS-109s3940is.xml 2006-09-26 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.