All Information (Except Text) for S.1413 - Higher Education Tax Benefit Compliance Improvement Act114th Congress (2015-2016)
|Sponsor:||Sen. Coats, Daniel [R-IN] (Introduced 05/21/2015)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/21/2015 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|05/21/2015||Introduced in Senate|
All Actions (1)
|05/21/2015||Read twice and referred to the Committee on Finance.|
Action By: Senate
|Sen. Hatch, Orrin G. [R-UT]*||05/21/2015|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Finance||05/21/2015||Referred to|
Subject — Policy Area:
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Latest Summary (1)
Introduced in Senate (05/21/2015)
Higher Education Tax Benefit Compliance Improvement Act
This bill amends the Internal Revenue Code to: (1) exempt an institution of higher education from tax penalties for failure to provide the tax identification number (TIN) of a person who claims a tax credit for tuition and related expenses if such institution certifies that it has complied with standards for obtaining the TIN, and (2) disallow the American Opportunity tax credit and the tax deduction for tuition and related expenses unless the taxpayer receives a payee statement containing the TIN of the individual claiming the credit or the deduction.