3.0.0 2253 2023-01-11T13:24:54Z 2023-01-11T13:24:54Z House H HR 2013-06-04 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHOCK:H.R. 2253.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe power of Congress as stated in Article I, Section 7 andArticle I, Section 8 of the United States Constitution.[Page H3096]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-06-04T14:02:05Z American Opportunity Tax Credit Act of 2013 113 1738 HR 2013-04-25 Referred to the House Committee on Ways and Means. Related bill CRS Student and Family Tax Simplification Act 113 3393 HR 2014-07-29 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 493. Related bill CRS College Affordability Act of 2013 113 3437 HR 2013-10-30 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS American Opportunity Tax Credit Permanence and Consolidation Act of 2013 113 835 S 2013-04-25 Read twice and referred to the Committee on Finance. Related bill CRS Higher Education and Skills Obtainment Act 113 1090 S 2013-06-04 Read twice and referred to the Committee on Finance. Identical bill CRS 2013-06-04 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-06-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-06-04 Introduced in House IntroReferral 1000 9 Library of Congress S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 N Taxation Budget deficits and national debt Employment and training programs Higher education Income tax credits Student aid and college costs Taxation 00 2013-06-04 Introduced in House 2013-06-26T19:50:17Z Higher Education and Skills Obtainment Act - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a tax credit for full and part-time post-secondary students equal to 100% of qualified tuition and related expenses up to $2,000, plus 25% of such expenses as exceeds $2,000 but not more than $4,000. Reduces the allowable amount of such credit to the extent that household income exceeds 400% of the federal poverty line. Repeals the tax deduction for qualified tuition and related expenses.

Expresses the sense of Congress that any revenue saved by the enactment of this Act shall be applied to the currently projected Pell Grant funding shortfall in 2015 and to deficit reduction

]]> Higher Education and Skills Obtainment Act Display Title Higher Education and Skills Obtainment Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to consolidate the current education tax incentives into one credit against income tax for higher education expenses, and for other purposes. Introduced in House IH Short Titles as Introduced Higher Education and Skills Obtainment Act Introduced in House 2013-06-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2253ih/xml/BILLS-113hr2253ih.xml 2013-06-04 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.