Education Tax Fraud Prevention Act

Bill: 114-s-75
Sponsor: full_name: Sen. Vitter, David [R-LA]
Introduced: 2015-01-07
Policy area: Taxation
Subjects: Employee benefits and pensions

Higher education

Income tax credits

Student aid and college costs

Tax administration and collection, taxpayers
Latest action: action_date: 2015-01-07
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-01-07
action_desc: Introduced in Senate
text: <p><strong>Education Tax Fraud Prevention Act</strong></p> <p> Amends the Internal Revenue Code to require: (1) individuals who claim a tax credit for qualified tuition and related expenses under the Hope Scholarship or the Lifetime Learning tax credit&nbsp;to include their social security numbers on their tax returns, and (2) the educational institutions&nbsp;of such individuals&nbsp;to provide their employer identification numbers.</p>

tv_txt: II 114th CONGRESS 1st Session S. 75 IN THE SENATE OF THE UNITED STATES January 7, 2015 Mr. Vitter introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to require the social security number of the student and the employer identification number of the educational institution for purposes of education tax credits.

1. Short title This Act may be cited as the Education Tax Fraud Prevention Act . 2. Social security number and employer identification number required for education tax credits (a) In general Paragraph (1) of section 25A(g) of the Internal Revenue Code of 1986 is amended— (1) by striking taxpayer identification number and inserting social security number , and (2) by inserting , and the employer identification number of any institution to which qualified tuition and related expenses were paid with respect to such individual, after such individual . (b) Omission treated as mathematical or clerical error Subparagraph (J) of section 6213(g)(2) of such Code is amended by striking TIN and inserting social security number and employer identification number . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2015.