3.0.0 6237 2023-01-11T13:33:41Z 2023-01-11T13:33:41Z House HR 2016-09-28 114 [Congressional Record Volume 162, Number 147 (Wednesday, September 28, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DANNY K. DAVIS of Illinois:H.R. 6237.Congress has the power to enact this legislation pursuantto the following:Article I of the Constitution and its subsequent amendmentsand further clarified and interpreted by the Supreme Court ofthe United States.[Page H6105]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-09-28T14:06:20Z In the Red Act of 2016 114 5106 HR 2016-09-19 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS In the Red Act of 2016 114 2677 S 2016-03-15 Read twice and referred to the Committee on Finance. Related bill CRS 2016-09-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-09-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-09-28 Introduced in House IntroReferral 1000 9 Library of Congress D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 N Taxation Taxation 00 2016-09-28 Introduced in House 2016-10-13T13:57:03Z American Opportunity Tax Credit Reform Act

This bill amends the Internal Revenue Code, with respect to the American Opportunity Tax Credit, to provide that any credit amount which is attributable to a federal Pell Grant under the Higher Education Act of 1965 shall be reduced by the amount of expenses (other than qualified tuition and related expenses) which are taken into account in determining the cost of attendance at an institution of higher education for the academic period for which the credit amount is being determined. 

The bill also modifies the definition of "qualified scholarship," for purposes of the tax exclusion for such scholarships, to include a federal Pell Grant as a qualified scholarship.

]]> American Opportunity Tax Credit Reform Act Display Title American Opportunity Tax Credit Reform Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to coordinate the reduction in the American Opportunity Tax Credit with Federal Pell Grants, to the extent such grants are attributable to expenses not eligible for such credit, and for other purposes. Introduced in House IH Short Titles as Introduced American Opportunity Tax Credit Reform Act Introduced in House 2016-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr6237ih/xml/BILLS-114hr6237ih.xml 2016-09-28 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.