3.0.0 1407 2023-01-11T19:54:49Z 2023-01-11T19:54:49Z House H HR 2007-03-08 110 hswm00 Ways and Means Committee House Standing Referred to 2007-03-08T15:01:05Z 2007-03-08 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-03-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-08 Introduced in House IntroReferral 1000 9 Library of Congress E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 N M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2007-03-08 True J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2007-03-08 True P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2007-03-08 True P000323 Rep. Pickering, Charles W. "Chip" [R-MS-3] CHARLES PICKERING R MS W. 3 2007-03-08 True W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2007-03-28 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2007-03-28 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2007-04-19 False D000299 Rep. Diaz-Balart, Lincoln [R-FL-21] LINCOLN DIAZ-BALART R FL 21 2007-04-26 False W000798 Rep. Walberg, Timothy [R-MI-7] Timothy Walberg R MI 7 2007-05-09 False M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2007-12-13 False A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2008-01-17 False Taxation Armed Forces and National Security College costs Congress Cost of living adjustments Economics and Public Finance Education Education savings accounts Employee benefit plans Equipment and supplies Federal aid to education Finance and Financial Sector Government Operations and Politics Government paperwork Health Higher education Income tax Indexing (Economic policy) Interest Labor and Employment Medical education Medical personnel Military medicine Military personnel Public health personnel Scholarships Student aid Student loan funds Sunset legislation Tax deductions Tax exclusion Tax returns Textbooks Tuition tax credits Taxation 00 2007-03-08 Introduced in House 2007-03-26T18:29:46Z Higher Education Affordability and Equity Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the dollar limitation on the tax deduction for interest on education loans and expand eligibility for such deduction by revising the modified adjusted gross income phaseout for such deduction; (2) make the tax deduction for qualified tuition and related expenses permanent; (3) increase from $2,000 to $5,000 the maximum allowable contribution to a Coverdell savings account; (4) exclude from gross income amounts received for qualified higher education expenses (e.g., books, supplies, room, board, and special needs services); and (5) allow certain additional expenses (e.g., fees, books, supplies, and equipment) for purposes of the Hope Scholarship Tax Credit and provide that such tax credit shall not be reduced by Federal Pell Grants and Supplemental Educational Opportunity (SEOG) Grants.

Repeals the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) applicable to title IV, subtitles A, B, and D (Affordable Education Provisions) of such Act.

]]> Higher Education Affordability and Equity Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to expand incentives for education. Introduced in House IH Display Title Higher Education Affordability and Equity Act of 2007 Short Titles as Introduced Higher Education Affordability and Equity Act of 2007 Introduced in House 2007-03-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1407ih/xml/BILLS-110hr1407ih.xml 2007-03-08 Referred to the House Committee on Ways and Means. 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.