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]
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).
Title
American Opportunity Student Tax Relief Act of 2020
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-05-08 | House | Referred to the House Committee on Ways and Means. |
2020-05-08 | House | Introduced in House |
Subjects
Cardiovascular and respiratory health
Emergency medical services and trauma care
Higher education
Income tax credits
Income tax exclusion
Infectious and parasitic diseases
Inflation and prices
Student aid and college costs
Taxation
Emergency medical services and trauma care
Higher education
Income tax credits
Income tax exclusion
Infectious and parasitic diseases
Inflation and prices
Student aid and college costs
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/6749/all-info |
Text | https://www.congress.gov/116/bills/hr6749/BILLS-116hr6749ih.pdf |