US HB6749 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 49-1)
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Increases the dollar amounts of the American Opportunity and Lifetime Learning tax credits for taxable years beginning in 2020 and increases the refundable portions of such credits. It also expands the tax exclusion for Pell Grants and makes such expanded exclusion retroactive to taxable years beginning after December 31, 2019. The bill also allows a tax exclusion beginning in 2020 for any emergency financial aid grant amount received by a student in response to COVID-19 (i.e., coronavirus disease 2019).

Tracking Information

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Title

American Opportunity Student Tax Relief Act of 2020

Sponsors


History

DateChamberAction
2020-05-08HouseReferred to the House Committee on Ways and Means.
2020-05-08HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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