Make College Affordable Act of 1999

Summary

Make College Affordable Act of 1999 - Amends the Internal Revenue Code to allow an annual income-adjusted deduction for qualified higher education expenses (tuition and academic fees) paid on behalf of a taxpayer, spouse, dependent, or grandchild. (Prohibits the use in the same year of such deduction and the Hope and Lifetime Learning Credits.) Establishes an annual income-adjusted credit (up to $1,500) for the interest paid during the first 60 months of a qualified higher education loan by a non-dependent taxpayer.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 November 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 November 1999

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 November 1999

  Open at official source

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