3.0.0 2902 2023-01-12T17:52:55Z 2023-01-12T17:52:55Z House H HR 2007-06-28 110 hswm00 Ways and Means Committee House Standing Referred to 2007-06-28T14:05:40Z Tax Relief for Working Caregivers Act of 2007 110 1911 HR 2007-04-19 Sponsor introductory remarks on measure. (CR H3564-3565) Related bill CRS Elder Care Tax Credit Act of 2008 110 7036 HR 2008-09-24 Referred to the House Committee on Ways and Means. Related bill CRS Higher Education Opportunity Act of 2007 110 851 S 2007-03-13 Read twice and referred to the Committee on Finance. Related bill CRS Higher Education Opportunity Act of 2008 110 2763 S 2008-03-13 Read twice and referred to the Committee on Finance. Related bill CRS Middle Class Opportunity Act of 2007 110 614 S 2007-02-15 Read twice and referred to the Committee on Finance. Identical bill CRS 2007-06-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-06-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-06-28 Introduced in House IntroReferral 1000 9 Library of Congress A000357 Rep. Allen, Thomas H. [D-ME-1] THOMAS ALLEN D ME H. 1 N B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2007-06-28 True B001258 Rep. Boyda, Nancy E. [D-KS-2] Nancy Boyda D KS E. 2 2007-06-28 True B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2007-06-28 True C001066 Rep. Castor, Kathy [D-FL-11] Kathy Castor D FL 11 2007-06-28 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2007-06-28 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2007-06-28 True H001039 Rep. Hall, John J. [D-NY-19] John Hall D NY J. 19 2007-06-28 True H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2007-06-28 True H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2007-06-28 True J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2007-06-28 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2007-06-28 True M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 2007-06-28 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2007-06-28 True S001169 Rep. Sestak, Joe [D-PA-7] Joe Sestak D PA 7 2007-06-28 True W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2007-06-28 True W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 2007-06-28 True M001169 Rep. Murphy, Christopher [D-CT-5] Christopher Murphy D CT S. 5 2007-06-28 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2007-06-28 True G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2007-06-28 True S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2007-07-11 False L000043 Rep. Lampson, Nick [D-TX-22] NICK LAMPSON D TX 22 2007-07-11 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2007-07-11 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2007-07-16 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-07-19 False A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 2007-07-24 False W000801 Rep. Wilson, Charles A. [D-OH-6] Charles Wilson D OH A. 6 2007-07-24 False U000038 Rep. Udall, Mark [D-CO-2] MARK UDALL D CO 2 2007-07-31 False H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 2007-07-31 False W000314 Rep. Wexler, Robert [D-FL-19] ROBERT WEXLER D FL 19 2007-10-10 False Taxation Books Caregivers College costs Day care Education Families Grandparents Higher education Income tax Minimum tax Parents Tax deductions Tax exemption Textbooks Tuition tax credits Taxation 00 2007-06-28 Introduced in House 2007-07-03T21:34:17Z Middle Class Opportunity Act of 2007 - Amends the Internal Revenue Code to: (1) increase the child tax credit for the first year in which a child is claimed as a qualifying child; (2) expand eligibility for the dependent care tax credit and allow such credit for expenses to care for parents (and ancestors of such parents) not residing with the taxpayer; and (3) provide for an increased alternative minimum tax exemption amount through 2008

Replaces the Hope and Lifetime Learning tax credits with an expanded education tax credit which provides for a 100% education tax credit for qualified tuition and related expenses (including a certain allowance for books) up to $1,000, 50% for such expenses between $1,000 and $3,000, and 20% of such expense between 3,000 and $5,500. Reduces credit amounts for taxpayers with modified adjusted gross incomes over $70,000 ($140,000 in the case of a joint tax return). Allows an inflation adjustment to credit amounts beginning after 2008.

Limits such credit to three eligible students per taxpayer in any taxable year and for four taxable years.

Denies such credit for certain part-time students and for students convicted of a felony drug offense.

Repeals the tax deduction for qualified tuition and related expenses.

]]> Middle Class Opportunity Act of 2007 Display Title Middle Class Opportunity Act of 2007 Official Title as Introduced To amend the Internal Revenue Code to double the child tax credit for the first year, to expand the credit dependent care services, to provide relief from the alternative minimum tax, and for other purposes. Introduced in House IH Short Titles as Introduced Middle Class Opportunity Act of 2007 Introduced in House 2007-06-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2902ih/xml/BILLS-110hr2902ih.xml 2007-06-28 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.