H.R. 4038

American College Tuition Tax Relief Act of 2012

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I

112th CONGRESS

2d Session

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

A BILL

To amend the Internal Revenue Code of 1986 to provide a 4-year extension of the deduction for tuition and related expenses.

1.

Short title

This Act may be cited as the American College Tuition Tax Relief Act of 2012.

2.

4-year extension of section 222 deduction for qualified tuition and related expenses

(a)

In general

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 and inserting December 31, 2015.

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2011.