To amend the Internal Revenue Code of 1986 to allow the Hope Scholarship Credit to cover fees, books, supplies, and equipment and to exempt Federal Pell Grants and Federal supplemental educational opportunity grants from reducing expenses taken into account for the Hope Scholarship Credit.
Latest action · Feb 8, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 8, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to: (1) include certain additional expenses, such as fees, books, supplies and equipment, as qualified tuition and related expenses for purposes the Hope Scholarship Tax Credit; (2) exclude Federal Pell Grant and Supplemental Educational Opportunity Grant payments as mandatory reductions to expenses eligible for the Hope Scholarship Tax Credit; and (3) exempt the additional expenses allowed by this Act from certain tax reporting requirements.
Cosponsors 52
Members who signed on, in the order they did. Signatures ran from Feb 8, 2005 to Mar 13, 2006; 31 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Adam B. Schiff | Original | Feb 8, 2005 |
| D-MA | Barney Frank | Original | Feb 8, 2005 |
| D-CA | Bob Filner | Original | Feb 8, 2005 |
| D-MD | Chris Van Hollen | Original | Feb 8, 2005 |
| D-FL | Corrine Brown | Original | Feb 8, 2005 |
| D-CA | Diane E. Watson | Original | Feb 8, 2005 |
| D-DC | Eleanor Holmes Norton | Original | Feb 8, 2005 |
| R-NM | Heather Wilson | Original | Feb 8, 2005 |
| R-AZ | J. D. Hayworth | Original | Feb 8, 2005 |
| D-MA | James P. McGovern | Original | Feb 8, 2005 |
| R-NY | James T. Walsh | Original | Feb 8, 2005 |
| R-IL | Jerry Weller | Original | Feb 8, 2005 |
| D-WA | Jim McDermott | Original | Feb 8, 2005 |
| R-NY | John M. McHugh | Original | Feb 8, 2005 |
| R-IL | John Shimkus | Original | Feb 8, 2005 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 8, 2005 |
Actions 2
Everything that happened, newest first.
- Feb 8, 2005Introduced in House
- Feb 8, 2005Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow the Hope Scholarship Credit to cover fees, books, supplies, and equipment and to exempt Federal Pell Grants and Federal supplemental educational opportunity grants from reducing expenses taken into account for the Hope Scholarship Credit.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 8, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.