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To amend the Internal Revenue Code of 1986 to reform the American opportunity tax credit to support college savings.

USA115th CongressHR-2378| House 
| Updated: 5/4/2017
Ben Ray Luján

Ben Ray Luján

Democratic Representative

New Mexico

Cosponsors (6)
Derek Kilmer (Democratic)Debbie Dingell (Democratic)Michelle Lujan Grisham (Democratic)Pramila Jayapal (Democratic)Eleanor Holmes Norton (Democratic)Peter Welch (Democratic)

Ways and Means Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Save for Success Act This bill amends the Internal Revenue Code, with respect to the American Opportunity Tax Credit for qualified tuition and related expenses, to: (1) permit up to $250 of the credit per year to be used for college savings contributions that are taken into account before tuition and fees, (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of the credit as educational expenses for a student are incurred during the taxable year, and (3) direct Treasury to establish a taxpayer awareness program to inform the public of the availability of the credit.
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Timeline
May 4, 2017
Introduced in House
May 4, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • May 4, 2017
    Introduced in House


  • May 4, 2017
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Taxation

Bank accounts, deposits, capitalHigher educationIncome tax creditsStudent aid and college costs

To amend the Internal Revenue Code of 1986 to reform the American opportunity tax credit to support college savings.

USA115th CongressHR-2378| House 
| Updated: 5/4/2017
Save for Success Act This bill amends the Internal Revenue Code, with respect to the American Opportunity Tax Credit for qualified tuition and related expenses, to: (1) permit up to $250 of the credit per year to be used for college savings contributions that are taken into account before tuition and fees, (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of the credit as educational expenses for a student are incurred during the taxable year, and (3) direct Treasury to establish a taxpayer awareness program to inform the public of the availability of the credit.
View Full Text

Suggested Questions

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Timeline
May 4, 2017
Introduced in House
May 4, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • May 4, 2017
    Introduced in House


  • May 4, 2017
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ben Ray Luján

Ben Ray Luján

Democratic Representative

New Mexico

Cosponsors (6)
Derek Kilmer (Democratic)Debbie Dingell (Democratic)Michelle Lujan Grisham (Democratic)Pramila Jayapal (Democratic)Eleanor Holmes Norton (Democratic)Peter Welch (Democratic)

Ways and Means Committee, Education and Workforce Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalHigher educationIncome tax creditsStudent aid and college costs