H. R. 4038
IN THE HOUSE OF REPRESENTATIVES
February 15, 2012
Mr. Ackerman (for himself, Mr. Hinchey, Mr. Nadler, Mr. McGovern, Ms. Waters, Mr. Cicilline, and Mr. Ellison) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to provide a 4-year extension of the deduction for tuition and related expenses.
This Act may be cited as the
American College Tuition Tax Relief
Act of 2012.
4-year extension of section 222 deduction for qualified tuition and related expenses
Subsection (e) of
section 222 of the Internal Revenue Code of 1986 (relating to qualified tuition
and related expenses) is amended by striking
December 31, 2011
December 31, 2015.
The amendment made by this section shall apply to taxable years beginning after December 31, 2011.