House Bill 6749
116th Congress(2019-2020)
American Opportunity Student Tax Relief Act of 2020
Introduced
Introduced in House on May 8, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6749
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
American Opportunity Student Tax Relief Act of 2020
This bill increases the dollar amounts of the American Opportunity and Lifetime Learning tax credits for taxable years beginning in 2020 and increases the refundable portions of such credits. It also expands the tax exclusion for Pell Grants and makes such expanded exclusion retroactive to taxable years beginning after December 31, 2019. The bill also allows a tax exclusion beginning in 2020 for any emergency financial aid grant amount received by a student in response to COVID-19 (i.e., coronavirus disease 2019).
May 8, 2020
05/08/2020
Referred to the House Committee on Ways and Means.
05/08/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:42:59 PM