S. 250 · 111th Congress
Higher Education Opportunity Act of 2009
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SchumerSponsor14 cosponsors · 13 D, 1 I
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Boxer
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Brown
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Bayh
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Casey
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Lieberman
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Murray
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McCaskill
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Merkley
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Cardin
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Kohl
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Menendez
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Cantwell
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Johnson
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Franken8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Higher Education Opportunity Act of 2009 - Amends the Internal Revenue Code to replace the hope scholarship and lifetime learning tax credits with a higher education opportunity tax credit.
What it does: CRS summary · Introduced in Senate · Jan 14, 2009
Higher Education Opportunity Act of 2009 - Amends the Internal Revenue Code to replace the hope scholarship and lifetime learning tax credits with a higher education opportunity tax credit.
Allows a higher education opportunity tax credit for the lesser of: (1) the sum of 100% of qualified tuition and related expenses (including a certain allowance for books) up to $2,000, 50% for such expenses between $2,000 and $4,000, and 25% of such expenses between $4,000 and $8,000; or (2) the excess (if any) of $16,000 over aggregate credits from prior taxable years. Reduces credit amounts for taxpayers with modified adjusted gross incomes over $70,000 ($140,000 in the case of a joint return).
Limits such credit to three eligible students per taxpayer in any taxable year.
Denies such tax credit to certain part time students and students convicted of a felony drug offense.
Repeals the tax deduction for qualified tuition and related expenses.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Higher Education Opportunity Act of 2009
Latest action (Jan 14, 2009): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jan 14, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.