Education, Achievement, and Opportunity Act

Summary

Education, Achievement, and Opportunity Act - Amends the Internal Revenue Code to allow an annual refundable tax credit for certain expenses incurred for children enrolled in elementary or secondary public and private schools. Includes as eligible expenses: tuition and fees, computers and educational software, academic tutoring, special needs services for children with disabilities, transportation fees, and academic testing services. Excludes expenses for nonacademic purposes, including fees for student activities, athletics, insurance, school uniforms, and nonacademic after-school activities. Limits the amount of such credit to $2,500 for a child enrolled in an elementary school and $3,500 for a child in secondary school. Reduces such credit amounts for taxpayers earning over $75,000 ($150,000 for married taxpayers filing a joint return).

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Timeline

1. 1 February 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 February 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 February 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 February 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E160-161)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 February 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 February 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 February 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 February 2005

  Open at official source

Sponsors

• Christopher Smith · R · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.