S. 360 · 110th Congress
Greater Access To Education Act of 2007
- Stage
- In committee
- Sponsor
- Jeff Bingaman
- Introduced
- 2007-01-23
- Latest action
- 2007-01-23 · Introduced in Senate
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.