Higher Education and Skills Obtainment Act
Latest action · Jun 4, 2013 Read twice and referred to the Committee on Finance.
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.
- IntroducedJun 4, 2013
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Nov 12, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Roy Blunt | Nov 12, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jun 4, 2013 |
Actions 2
Everything that happened, newest first.
- Jun 4, 2013Introduced in Senate
- Jun 4, 2013Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S5597 | Marco Rubio R-FL | Jul 10, 2013 |
Related bills 6
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 835 | American Opportunity Tax Credit Permanence and Consolidation Act of 2013 | Related bill | Apr 25, 2013 |
| HR 1738 | American Opportunity Tax Credit Act of 2013 | Related bill | Apr 25, 2013 |
| HR 2253 | Higher Education and Skills Obtainment Act | Identical bill | Jun 4, 2013 |
| HR 3393 | 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 bill | Jul 29, 2014 |
| HR 3437 | College Affordability Act of 2013 | Related bill | Oct 30, 2013 |
| HR 3476 | Middle Class College Tuition Tax Credit Expansion Act | Related bill | Nov 13, 2013 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to consolidate the current education tax incentives into one credit against income tax for higher education expenses, and for other purposes.
- Short Titles as Introduced
- Higher Education and Skills Obtainment Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jun 4, 2013Introduced in Senate
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.
