Affordable College Tuition Act of 2004
Last action on Jul 22, 2004Referred to the House Committee on Ways and Means.
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Summary
Affordable College Tuition Act of 2004 - Amends the Internal Revenue Code to revise the Hope Scholarship Tax Credit to allow a credit for 50 percent of higher education expenses without dollar limitation. Eliminates: (1) the two-year limitation on the credit; (2) the denial of the credit for students convicted of a felony drug offense; and (3) the modified adjusted gross income limitation on the credit.
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