H.R. 3607, To amend the Internal Revenue Code of 1986 to expand the Hope Scholarship Credit by increasing the maximum credit, by allowing the credit for 4 years of postsecondary education, and by allowing the credit for room, board, and certain other expenses

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on October 28, 2007, 18:34:58, by webmaster:

H.R. 3607 would amend the Internal Revenue Code of 1986 to expand the Hope Scholarship Credit by increasing the maximum credit, by allowing the credit for 4 years of postsecondary education, and by allowing the credit for room, board, and certain other expenses.

Detailed Summary

Amends the Internal Revenue Code to: (1) increase the maximum dollar limitation on the Hope Scholarship tax credit from $1,000 to $2,000; (2) allow such credit for four years (currently, two years) of postsecondary education; and (3) allow such credit to include expenses for books, supplies, and equipment for courses and for reasonable room and board expenses.

Status of the Legislation

Latest Major Action: 9/20/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

(Log in to edit the wiki and be the first to show why the bill should pass!)

Points Against

(Log in to edit the wiki and be the first to show why the bill should not pass!)

« Return to Revision History.