Student and Family Tax Simplification Act - Amends the Internal Revenue Code to provide for an American Opportunity Tax Credit, in lieu of the current Hope Scholarship and Lifetime Learning tax credits and the tax deduction for qualified tuition and related expenses, that provides for a credit of 100% of qualified tuition and related expenses (i.e., tuition, fees, and course materials) up to $2,000, plus 25% of such expenses as exceeds $2,000 but not more than $4,000. Reduces the allowable amount of such credit based upon the taxpayer's modified adjusted gross income. Allows an exclusion from gross income for amounts received as a Federal Pell Grant.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2014-07-29 | Calendars | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 493. | Senate |
| 2014-07-28 | Calendars | Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. | Senate |
| 2014-07-24 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2014-07-24 | Vote | On passage Passed by the Yeas and Nays: 227 - 187 (Roll no. 449). | House floor actions |
| 2014-07-24 | Vote | On motion to recommit with instructions Failed by the Yeas and Nays: 195 - 219 (Roll no. 448). | House floor actions |
| 2014-07-24 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6790) | House floor actions |
| 2014-07-24 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Sinema motion to recommit with instructions, pending reservation of a point of order. Subsequently, the point of order was withdrawn. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to require the Secretary of the Treasury to provide a table for student loan borrowers in any publication related to the underlying bill. That table shall illustrate their current monthly payments for higher education loans and the amount that they would pay for that same loan had they been able to benefit from the lower interest rates that would go into effect if H.R. 4582, Bank on Students Emergency Loan Refinancing Act, were passed. | House floor actions |
| 2014-07-24 | Floor | Ms. Sinema moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H6789-6790; text: CR H6789) | House floor actions |
| 2014-07-24 | Floor | The previous question was ordered pursuant to the rule. (consideration: CR H6789) | House floor actions |
| 2014-07-24 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 3393. | House floor actions |
| 2014-07-24 | Floor | The rule provides for the consideration of H.R. 3393 and H.R. 4935 under a closed rule. | House floor actions |
| 2014-07-24 | Floor | Considered under the provisions of rule H. Res. 680. (consideration: CR H6779-6791; text of amendment in the nature of a substitute: CR H6779-6780) | House floor actions |
| 2014-07-23 | Floor | Rules Committee Resolution H. Res. 680 Reported to House. The rule provides for the consideration of H.R. 3393 and H.R. 4935 under a closed rules. | House floor actions |
| 2014-07-17 | Calendars | Placed on the Union Calendar, Calendar No. 392. | House floor actions |
| 2014-07-17 | Committee | Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-526. | House floor actions |
| 2014-06-25 | Committee | Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 22 - 13. | House committee actions |
| 2014-06-25 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-10-30 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2013-10-30 | IntroReferral | Introduced in House | Library of Congress |