3.0.0 3437 2023-01-11T13:23:55Z 2023-01-11T13:23:55Z House H HR 2013-10-30 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. SCHWARTZ:H.R. 3437.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H6956]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2013-10-30T14:01:10Z hswm00 Ways and Means Committee House Standing Referred to 2013-10-30T14:01:05Z 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 Higher Education and Skills Obtainment Act 113 2253 HR 2013-06-04 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 Middle Class College Tuition Tax Credit Expansion Act 113 3476 HR 2013-11-13 Referred to the House Committee on Ways and Means. 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. Related bill CRS 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-10-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-10-30 Introduced in House IntroReferral 1000 9 Library of Congress S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 N Taxation Drug trafficking and controlled substances Government information and archives Higher education Income tax credits Income tax exclusion Student aid and college costs Taxation 00 2013-10-30 Introduced in House 2013-12-18T19:04:14Z College Affordability Act of 2013 - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a new American Opportunity Tax Credit that allows: (1) a 100% income tax credit, up to $2,500 in a taxable year, of the qualified tuition and related expenses (i.e., tuition, fees, and course materials) of a student at an institution of higher education who is carrying at least one half of a normal full-time work load; (2) a life-time aggregate credit amount of up to $10,000; and (3) refundability of a portion of such credit. Denies such credit to students who are convicted of a federal or state felony offense involving the possession or distribution of a controlled substance.

Allows an exclusion from gross income of any amount received as a Federal Pell Grant.

Establishes programs for: (1) periodic payments to students as qualified expenses are incurred during the taxable year, and (2) informing the public of the availability of the American Opportunity Tax Credit.

]]> College Affordability Act of 2013 Display Title College Affordability Act of 2013 Official Title as Introduced To amend the Internal Revenue Code of 1986 to consolidate, with modifications, the Hope Scholarship Credit, the Lifetime Learning Credit, and the American Opportunity Tax Credit, and for other purposes. Introduced in House IH Short Titles as Introduced College Affordability Act of 2013 Introduced in House 2013-10-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3437ih/xml/BILLS-113hr3437ih.xml 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. 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.