Educational Opportunity and Affordability Act of 2006

Summary

Educational Opportunity and Affordability Act of 2006 - Amends the Internal Revenue Code to: (1) increase, make permanent, and make athletic coaches, trainers, or assistants eligible for the tax deduction for the expenses of elementary and secondary school teachers; (2) allow the Hope scholarship credit for the first three years (currently, two years) of postsecondary education, expand the type of expenses eligible for the credit, and allow the receipt of Pell Grants and federal supplemental educational opportunity grants without a reduction in the allowable credit; (3) increase the employee tax exclusion for employer-provided educational assistance; (4) increase the tax deduction for student loan interest; (5) extend through 2010 the authority for issuing qualified zone academy bonds (QZABs) and include bonds issued for public schools in rural counties and counties with National Forest System Lands; and (6) increase the tax deduction for qualified tuition and related expenses.

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

Timeline

1. 26 September 2006

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 26 September 2006

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 September 2006 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 September 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 September 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 September 2006

  Open at official source

Sponsors

• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.