S. 2465 · 117th Congress
American Opportunity Tax Credit Enhancement Act of 2021
- Stage
- In committee
- Sponsor
- Bob Menendez
- Introduced
- 2021-07-22
- Latest action
- 2021-07-22 · Introduced in Senate
Summary
American Opportunity Tax Credit Enhancement Act of 2021
This bill modifies the American Opportunity and Lifetime Learning tax credits to make the American Opportunity tax credit 100% refundable. It also modifies the provision denying the American Opportunity tax credit to students convicted of a federal or state felony relating to the possession or distribution of a controlled substance. Students may not be denied such credit unless the prison term for the drug offense is at least 15 years.