Expand American Educational Opportunity Act of 2021
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Expand American Educational Opportunity Act of 2021 This bill replaces the Hope Scholarship and Lifetime Learning tax credits with a modified American Opportunity Tax Credit that (1) allows an income tax credit of up to $2,500 of the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, (2) allows a lifetime dollar limitation for the credit of $15,000 for all taxable years, and (3) increases the refundable portion of the credit to a maximum of $1,500. The bill defines qualified tuition and related expenses as tuition, fees, computer or peripheral equipment, child and dependent care expenses, and course materials for the taxpayer, the taxpayer's spouse, and dependents at certain postsecondary educational institutions. The bill also allows an exclusion from gross income, for income tax purposes, of any amount received as a Federal Pell Grant.
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Filing registrants (3)
2022 · first_quarter · Taxation/Internal Revenue Code
H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant. H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits. H.R.5376 Build Back Better Act - Reconciliation legislation that would authorize Americas College Promise, Student Success Grant Program, provide additional community college-led workforce training, Increase the maximum award for Pell, eliminate tax liability for Pell Grants, provide additional funding for TAACCCT, and eliminate the AOTC offset from Pell grants, and provide a pathway to citizenship for DACA recipients. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $81,149 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
-Higher Education Tax Proposals to Support Students and Institutions. Including: Repeal the taxability of scholarship and grant aid, including for Pell Grants; Enhance higher education tax credits; Enhance charitable giving; Expand and modernize employer provided education assistance (Section 127); and Repeal the Unrelated Business Income Tax (UBIT) basketing provision. -H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 4174 and S. 2455, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits (all provisions). -H.R.5376, Build Back Better Act - Reconciliation legislation that would eliminate tax liability for Pell Grants and eliminate the AOTC offset from Pell grants.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Taxation/Internal Revenue Code
-Higher Education Tax Proposals to Support Students and Institutions. Including: Repeal the taxability of scholarship and grant aid, including for Pell Grants; Enhance higher education tax credits; Enhance charitable giving; Expand and modernize employer provided education assistance (Section 127); and Repeal the Unrelated Business Income Tax (UBIT) basketing provision. -H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 4174 and S. 2455, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits (all provisions). -H.R.5376, Build Back Better Act - Reconciliation legislation that would eliminate tax liability for Pell Grants and eliminate the AOTC offset from Pell grants.
Client expense: $10,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant. H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits. Build Back Better Act - Reconciliation legislation that would authorize Americas College Promise, Student Success Grant Program, provide additional community college-led workforce training, Increase the maximum award for Pell, eliminate tax liability for Pell Grants, provide additional funding for TAACCCT, and eliminate the AOTC offset from Pell grants, and provide a pathway to citizenship for DACA recipients. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits.
Client expense: $15,000 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, White House Office
2021 · third_quarter · Taxation/Internal Revenue Code
-Higher Education Tax Proposals to Support Students and Institutions. Including: Repeal the taxability of scholarship and grant aid, including for Pell Grants; Enhance higher education tax credits; Enhance charitable giving; Expand and modernize employer provided education assistance (Section 127); and Repeal the Unrelated Business Income Tax (UBIT) basketing provision. -H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 4174 and S. 2455, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits (all provisions). -Build Back Better Act - Reconciliation legislation that would eliminate tax liability for Pell Grants and eliminate the AOTC offset from Pell grants.
Client expense: $10,000 · Firm income: Not reported
Government targets: Education, Dept of, Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Taxation/Internal Revenue Code
H.R. 5376, the Build Back Better Act - provisions related to higher education including modification of endowment tax, restoration of advanced refunding bonds, and other provisions H.R. 5152, the Higher Education Endowment Tax Reform Act - provisions that would modify the excise tax on certain private university endowments H.R. 2832, the Don't Tax Higher Ed Act - provisions that would repeal the Sec. 4968 net investment income excise tax H.R. 4174, the Tax-Free Pell Grant Act - provisions that would make Pell Grants tax free H.R. 4408, the Carbon Capture Improvement Act - provisions that would authorize tax-exempt private activity bonds to be used to finance qualified carbon dioxide carbon capture facilities H.R. 2954, the SECURE 2.0 Act - provisions related to retirement contributions General issues related to potential legislative modifications to IRC Sec. 4968, the net investment income excise tax General issues related to potential tax provisions in a reconciliation or infrastructure package that could impact research universities including modifications to IRC Sec. 4968, advanced refunding bonds, changes to the AOTC, and changes to the tax implications of Pell Grants
Client expense: $30,000 · Firm income: Not reported
2021 · third_quarter · Taxation/Internal Revenue Code
H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant. H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits. Build Back Better Act - Reconciliation legislation that would authorize Americas College Promise, Student Success Grant Program, provide additional community college-led workforce training, Increase the maximum award for Pell, eliminate tax liability for Pell Grants, provide additional funding for TAACCCT, and eliminate the AOTC offset from Pell grants, and provide a pathway to citizenship for DACA recipients. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits.
Client expense: $15,000 · Firm income: Not reported
2021 · second_quarter · Taxation/Internal Revenue Code
-Higher Education Tax Proposals to Support Students and Institutions in the American Jobs and American Families Plans Legislation. Including: Repeal the taxability of scholarship and grant aid, including for Pell Grants; Expand Section 179D energy efficiency construction; enhance bond programs; Enhance higher education tax credits; Enhance charitable giving; Expand and modernize employer provided education assistance (Section 127); and Repeal the Unrelated Business Income Tax (UBIT) basketing provision. -H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant (all provisions). -H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits (all provisions).
Client expense: $10,000 · Firm income: Not reported
Government targets: Education, Dept of, Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE
2021 · second_quarter · Taxation/Internal Revenue Code
H.R. 3803, Pell Grant Flexibility Act- Amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant. H.R. 6749, American Opportunity Student Tax Relief Act- Extends and modifies the American Opportunity Tax Credit and excludes from gross income any amount received as a Federal Pell Grant. S. 847, Student Loan Tax Elimination Act - Eliminates the origination fee on federal student loans. Origination fees are the fees lenders charge for processing new loan applications. H.R. 4174, Tax Free Pell Grant Act - Expands the usage of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC) and ensures students do not lose out on any AOTC benefits.
Client expense: $15,000 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, White House Office
| Democratic |
| NJ |
| Brian K. Fitzpatrick | Republican | PA |
| Cheri Bustos | Democratic | IL |
| Danny K. Davis | Democratic | IL |
| David Scott | Democratic | GA |
| Debbie Wasserman Schultz | Democratic | FL |
| Diana DeGette | Democratic | CO |
| Dina Titus | Democratic | NV |
| Donald S. Beyer, Jr. | Democratic | VA |
| Earl Blumenauer | Democratic | OR |
| Eleanor Holmes Norton | Democratic | DC |
| Eric Swalwell | Democratic | CA |
| Frank Pallone, Jr. | Democratic | NJ |
| Gerald E. Connolly | Democratic | VA |
| James R. Langevin | Democratic | RI |
| Jamie Raskin | Democratic | MD |
| Janice D. Schakowsky | Democratic | IL |
| Jimmy Panetta | Democratic | CA |
| Joaquin Castro | Democratic | TX |
| John Garamendi | Democratic | CA |
| Joyce Beatty | Democratic | OH |
| Judy Chu | Democratic | CA |
| Paul Tonko | Democratic | NY |
| Peter Welch | Democratic | VT |
| Raúl M. Grijalva | Democratic | AZ |
| Rosa L. DeLauro | Democratic | CT |
| Sheila Jackson Lee | Democratic | TX |
| Steve Cohen | Democratic | TN |
| Terri A. Sewell | Democratic | AL |
| Thomas R. Suozzi | Democratic | NY |
| Tim Ryan | Democratic | OH |
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, White House Office