3.0.0 5878 2019-02-20T22:31:26Z 2019-02-24T08:42:49Z House H HR 2012-05-31 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. LOWEY:H.R. 5878.Congress has the power to enact this legislation pursuantto the following:Article 1 of the Constitution[Page H3363]]]> hswm00 Ways and Means Committee House Standing Referred to 2012-05-31T14:00:32Z 2012-05-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-05-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-05-31 Introduced in House IntroReferral 1000 9 Library of Congress L000480 Rep. Lowey, Nita M. [D-NY-18] NITA LOWEY D NY M. 18 N Taxation Higher education Income tax credits Income tax deductions Student aid and college costs Taxation

00 2012-05-31 Introduced in House 2012-06-21T18:33:49Z 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.

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Short Titles as Introduced Short Titles as Introduced Display Title Official Title as Introduced Introduced in House 2012-05-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5878ih/xml/BILLS-112hr5878ih.xml 2012-05-31 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.