H.R. 2924 · 110th Congress

Greater Access To Education Act of 2007

Stage
In committee
Introduced
2007-06-28
Latest action
2007-06-28 · Introduced in House

Summary

Greater Access to Education Act of 2007 - Amends Internal Revenue Code provisions relating to the Hope Scholarship tax credit to: (1) include room, board, fees, books, supplies, and equipment as expenses eligible for such credit; (2) exclude Pell and Supplemental Educational Opportunity Grants from types of scholarship assistance which reduce the allowable amount of such credit; and (3) exempt certain expenses eligible for such credit from tax information reporting requirements.

Makes the Hope Scholarship and Lifetime Learning tax credits refundable.