[1] The act specifies: The act directs several Treasury studies: Originally proposed by President Barack Obama to help students and families pay for post-secondary education, the proposal called for a $4000 credit in exchange for 100 hours of community service.
"[2] On January 6, 2009, Congressman Chaka Fattah introduced H.R.106, The American Opportunity Tax Credit Act of 2009.
[3] In brief, the proposed act specified On January 27, 2009, in the Rayburn House Office Building, Congressman Fattah convened a Congressional Roundtable, "Igniting Public Service and Securing College Access: the American Opportunity Tax Credit, H.R.
The panel was keynoted by Former Senator Harris Wofford and included Karen Kaskey (PennSERVE), Michelle Cooper (Institute for Higher Education Policy), David Baime (American Association of Community Colleges), Quyen (Arana) Wickham (K20 Center, University of Oklahoma),[5] and Reginald Williams (Benjamin Banneker Academic High School).
The Bipartisan Budget Act of 2015 made the American Opportunity Tax Credit permanent.