H.R. 4872 · 114th Congress
Save for Success Act
- Stage
- In committee
- Sponsor
- Ben Luján
- Introduced
- 2016-03-23
- Latest action
- 2016-09-19 · Referred to the Subcommittee on Higher Education and Workforce Training.
Summary
Save for Success Act
This bill amends the Internal Revenue Code to: (1) modify the American Opportunity Tax Credit to include an increased credit amount for college savings contributions, and (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of educational expenses for a student as such expenses are incurred during the taxable year.
Treasury shall establish a taxpayer awareness program to inform the public of the availability of the American Opportunity Tax Credit.