H.R. 386 · 111th Congress
CLASS Act of 2009
- Stage
- In committee
- Sponsor
- Lloyd Doggett
- Introduced
- 2009-01-09
- Latest action
- 2009-01-15 · Sponsor introductory remarks on measure.
Summary
College Learning Access Simplicity and Savings Act of 2009 or the CLASS Act of 2009 - Amends the Internal Revenue Code to replace the Hope Scholarship tax credit with the College Affordability Credit, which shall allow: (1) a partially refundable tax credit of up to $1,200 for qualified tuition and related expenses (including required course materials) at an institution of higher education; and (2) an additional 50% tax credit for such expenses exceeding $1,200 but not exceeding $4,800.
Repeals the tax deduction for qualified tuition and related expenses.