US Congress House Bill 5078 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 13-3)
Status: Introduced on April 20 2010 - 25% progression, died in committee
Action: 2010-04-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Higher Education Affordability and Equity Act of 2010 - Amends the Internal Revenue Code to: (1) repeal the dollar limitation on the tax deduction for interest on education loans and expand eligibility for such deduction by increasing the threshold for the phaseout of such deduction; (2) increase to $5,000 the maximum allowable contribution to a Coverdell education savings account; and (3) include qualified higher education expenses (i.e., books, supplies, room, board, and special needs services) as amounts excludable from gross income as a qualified scholarship. Exempts from the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (i.e., December 31, 2010) provisions of that Act modifying education individual retirement accounts and expanding the tax deduction for student loan interest.

Higher Education Affordability and Equity Act of 2010

Sen. Tammy Baldwin [D-WI]	Rep. Melissa Bean [D-IL]	Rep. Bob Filner [D-CA]	Rep. Brian Higgins [D-NY]
Rep. Maurice Hinchey [D-NY]	Rep. Carolyn Kilpatrick [D-MI]	Rep. Carolyn McCarthy [D-NY]	Rep. Jim McDermott [D-WA]
Rep. Sue Myrick [R-NC]	Rep. Richard Neal [D-MA]	Rep. Eleanor Norton [D-DC]	Sen. Gary Peters [D-MI]
Rep. Todd Platts [R-PA]	Rep. Peter Roskam [R-IL]	Rep. Lucille Roybal-Allard [D-CA]	Rep. Fortney Stark [D-CA]

Date	Chamber	Action
2010-04-20		Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/5078/all-info
Text	https://www.congress.gov/111/bills/hr5078/BILLS-111hr5078ih.pdf