Higher Education Affordability and Equity Act of 2010

Summary

Higher Education Affordability and Equity Act of 2010 - Amends the Internal Revenue Code to: (1) repeal the dollar limitation on the tax deduction for interest on education loans and expand eligibility for such deduction by increasing the threshold for the phaseout of such deduction; (2) increase to $5,000 the maximum allowable contribution to a Coverdell education savings account; and (3) include qualified higher education expenses (i.e., books, supplies, room, board, and special needs services) as amounts excludable from gross income as a qualified scholarship. Exempts from the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (i.e., December 31, 2010) provisions of that Act modifying education individual retirement accounts and expanding the tax deduction for student loan interest.

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Timeline

1. 20 April 2010

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 20 April 2010

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 April 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 April 2010 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 April 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 April 2010

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 April 2010

  Open at official source

Sponsors

• Brian Higgins · D · Sponsor
• Rep. McCarthy, Carolyn [D-NY-4] · D · Sponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Sponsor
• Peter Roskam · R · Sponsor
• Rep. Filner, Bob [D-CA-51] · D · Cosponsor
• Richard Neal · D · Cosponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Cosponsor
• Rep. Bean, Melissa L. [D-IL-8] · D · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Sen. Peters, Gary C. [D-MI] · D · Cosponsor
• Rep. McDermott, Jim [D-WA-7] · D · Cosponsor
• Sen. Baldwin, Tammy [D-WI] · D · Cosponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Cosponsor
• Rep. Stark, Fortney Pete [D-CA-9] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• LUCILLE ROYBAL-ALLARD · D · Cosponsor
• · hswm00 · Standing

Related records

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