H.R. 4563 · 113th Congress
College Preparation Tax Credit Act of 2014
- Stage
- In committee
- Sponsor
- Steve Israel
- Introduced
- 2014-05-02
- Latest action
- 2014-05-02 · Introduced in House
Summary
College Preparation Tax Credit Act of 2014 - Amends the Internal Revenue Code to allow an individual taxpayer a tax credit for up to $500 of qualified college preparation expenses. Defines such expenses as: (1) the fees required for taking any Advanced Placement or International Baccalaureate exam, the SAT, the ACT, or any SAT subject test; (2) expenses related to preparation for such exams; and (3) fees and expenses related to applications for admission to pursue a postsecondary course of study at an institution of higher education.