H.R. 2924 · 110th Congress
Greater Access To Education Act of 2007
- Stage
- In committee
- Sponsor
- Keith Ellison
- 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.