I 
114TH CONGRESS 
2D SESSION 
H. R. 5803 
To amend the Internal Revenue Code of 1986 to allow a temporary election 
to accelerate the American Opportunity Tax Credit. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 14, 2016 
Mr. HARDY 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 allow a 
temporary election to accelerate the American Oppor-
tunity Tax Credit. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Extra Credit for Work-
ing Students Act of 2016’’. 
SEC. 2. ACCELERATED AMERICAN OPPORTUNITY TAX 
CREDIT. 
(a) IN GENERAL.—Section 25A(i)(2) of the Internal 
Revenue Code of 1986 is amended to read as follows: 
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‘‘(2) SPECIAL RULE FOR NUMBER OF YEARS 
CREDIT ALLOWED.— 
‘‘(A) IN
GENERAL.—Subparagraphs (A) 
and (C) of subsection (b)(2) shall be applied by 
substituting ‘4’ for ‘2’. 
‘‘(B) ELECTION
TO
ACCELERATE
CRED-
IT.— 
‘‘(i) IN GENERAL.—In the case of an 
eligible student with respect to whom an 
election to have this section apply has not 
been made for any prior taxable year, a 
taxpayer may elect for the taxable year for 
subparagraph (A) not to apply with respect 
to such student and to apply paragraph 
(1) by substituting ‘$4,000’ for ‘$2,000’ in 
subparagraph (A) thereof and by sub-
stituting ‘$4,000 but does not exceed 
$8,000’ for ‘$2,000 but does not exceed 
$4,000’ in subparagraph (B) thereof. 
‘‘(ii) ELECTION IRREVOCABLE.—Once 
made, any such election shall be irrev-
ocable and shall apply with respect to such 
student for all subsequent taxable years. 
‘‘(iii) 
TERMINATION.—No 
election 
may be first made under clause (i) for any 
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taxable year beginning after December 31, 
2022.’’. 
(b) STUDY.— 
(1) IN GENERAL.—Not later than the date that 
is 1 year after the date of the enactment of this Act, 
and annually for the 5 years thereafter, the Sec-
retary of the Treasury shall submit a report to Con-
gress with respect to the election under section 
25A(i)(2)(B) of the Internal Revenue Code of 1986 
to accelerate the American Opportunity Tax Credit. 
Such report shall include details on the election rate 
of the option and the demographics of students so 
electing. 
(2) REPORT UPON TERMINATION.—In the last 
report required to be submitted under paragraph 
(1), the Secretary of the Treasury shall include an 
assessment of the effectiveness of such election at 
improving college completion times and the effective-
ness of the American Opportunity Tax Credit, in 
general, at helping students to complete college on 
time. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2016. 
Æ 
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