H.R.4872 - Save for Success Act114th Congress (2015-2016)
|Sponsor:||Rep. Lujan, Ben Ray [D-NM-3] (Introduced 03/23/2016)|
|Committees:||House - Ways and Means; Education and the Workforce|
|Latest Action:||House - 09/19/2016 Referred to the Subcommittee on Higher Education and Workforce Training. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4872 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (03/23/2016)
Save for Success Act
This bill amends the Internal Revenue Code to: (1) modify the American Opportunity Tax Credit to include an increased credit amount for college savings contributions, and (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of educational expenses for a student as such expenses are incurred during the taxable year.
Treasury shall establish a taxpayer awareness program to inform the public of the availability of the American Opportunity Tax Credit.