H.R. 3388 · 110th Congress
College Affordability Tax Relief Act of 2007
- Stage
- In committee
- Sponsor
- Kirsten Gillibrand
- Introduced
- 2007-08-03
- Latest action
- 2007-08-03 · Referred to the House Committee on Ways and Means.
Summary
College Affordability Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) increase the tax deduction for tuition and related expenses; (2) allow an inflation adjustment after 2008 of taxpayer adjusted gross income levels used to determine eligibility for, and allowable amounts of, such deduction; and (3) make such deduction permanent.