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- S.851
S.851: Higher Education Opportunity Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced March 13, 2007
- Latest Major Action March 13, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (9 Democrats, 1 Independent Democrat)
Bill Summary
Higher Education Opportunity Act of 2007 - Amends the Internal Revenue Code to replace the hope and lifetime learning tax credits with a higher education opportunity tax credit.Allows a higher education opportunity tax credit for 100% of qualified tuition and related expenses (including a certain allowance for books) up to $1,000, 50% for such expenses between $1,000 and $3,000, and 20% of such expenses between $3,000 and $5,500. Reduces...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| March 13, 2007 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |