Higher Education and Skills Obtainment Act

Summary

Higher Education and Skills Obtainment Act - Amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a tax credit for full and part-time post-secondary students equal to 100% of qualified tuition and related expenses up to $2,000, plus 25% of such expenses as exceeds $2,000 but not more than $4,000. Reduces the allowable amount of such credit to the extent that household income exceeds 400% of the federal poverty line. Repeals the tax deduction for qualified tuition and related expenses. Expresses the sense of Congress that any revenue saved by the enactment of this Act shall be applied to the currently projected Pell Grant funding shortfall in 2015 and to deficit reduction.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 June 2013

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 June 2013

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 4 June 2013 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 June 2013

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 June 2013

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 4 June 2013

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → American Opportunity Tax Credit Act of 2013
• related to → To amend the Internal Revenue Code of 1986 to consolidate certain tax benefits for educational expenses, to amend the Internal Revenue Code of 1986 to make improvements to the child tax credit, and for other purposes.
• related to → College Affordability Act of 2013
• related to → Middle Class College Tuition Tax Credit Expansion Act
• related to → American Opportunity Tax Credit Permanence and Consolidation Act of 2013
• related to → Higher Education and Skills Obtainment Act