3.0.0 250 2019-11-15T21:55:03Z 2019-11-15T21:55:03Z Senate S S 2009-01-14 111 ssfi00 Finance Committee Senate Standing Referred to 2009-01-14T23:34:17Z Middle Class College Tuition Tax Credit Expansion Act of 2009 111 518 HR 2009-01-14 Referred to the House Committee on Ways and Means. Related bill CRS Helping Families Afford Tuition Act 111 1957 HR 2009-04-02 Referred to the House Committee on Ways and Means. Related bill CRS Higher Education Affordability Act of 2010 111 6033 HR 2010-07-30 Referred to the House Committee on Ways and Means. Related bill CRS 2009-01-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-01-14 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2009-01-14 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2009-01-14 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2009-01-14 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2009-01-14 True C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2009-01-14 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2009-01-14 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2009-01-14 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2009-01-14 True K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. 2009-01-15 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2009-01-15 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2009-01-15 False C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2009-01-22 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2009-01-26 False F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2009-10-20 False Taxation Higher education Income tax credits Income tax deductions Student aid and college costs Taxation 00 2009-01-14 Introduced in Senate 2009-02-18T16:05:27Z Higher Education Opportunity Act of 2009 - Amends the Internal Revenue Code to replace the hope scholarship and lifetime learning tax credits with a higher education opportunity tax credit.

Allows a higher education opportunity tax credit for the lesser of: (1) the sum of 100% of qualified tuition and related expenses (including a certain allowance for books) up to $2,000, 50% for such expenses between $2,000 and $4,000, and 25% of such expenses between $4,000 and $8,000; or (2) the excess (if any) of $16,000 over aggregate credits from prior taxable years. Reduces credit amounts for taxpayers with modified adjusted gross incomes over $70,000 ($140,000 in the case of a joint return).

Limits such credit to three eligible students per taxpayer in any taxable year.

Denies such tax credit to certain part time students and students convicted of a felony drug offense.

Repeals the tax deduction for qualified tuition and related expenses.

]]> Higher Education Opportunity Act of 2009 Short Titles as Introduced Higher Education Opportunity Act of 2009 Display Title Higher Education Opportunity Act of 2009 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a higher education opportunity credit in place of existing education tax incentives. Introduced in Senate 2009-01-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s250is/xml/BILLS-111s250is.xml 2009-01-14 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.