# 114-hr-5381: College Preparation Tax Credit Act of 2016

114-hr-5381, College Preparation Tax Credit Act of 2016, is a 114th Congress bill sponsored by STEVE ISRAEL (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5381
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5381
- Congress: 114
- Title: College Preparation Tax Credit Act of 2016
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-06-03
- Sponsor: STEVE ISRAEL (D-NY)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

College Preparation Tax Credit Act of 2016 This bill amends the Internal Revenue Code to allow an individual taxpayer a tax credit for up to $500 of qualified college preparation expenses. An individual may use the credit for up to three years for qualified college preparation expenses that include: the fees required for taking any Advanced Placement or International Baccalaureate exam, the SAT, the ACT, or any SAT subject test; expenses related to preparation for the exams; fees and expenses related to applications for admission to pursue a postsecondary course of study at an institution of higher education; and similar expenses and fees prescribed by the Internal Revenue Service in regulations.

## Related bills

- 114-hr-6421: Anti-Semitism Awareness Act of 2016
- 114-hr-6398: To amend the Small Business Act to provide for the inclusion of unmarried women in the criteria for awarding a grant to a women's business center.
- 114-hr-6332: National Hate Crimes Hotline Act of 2016
- 114-hr-6259: Protecting Our Kids' Medicine Act of 2016
- 114-hr-6231: Making College More Affordable Act
- 114-hr-6208: Combating European Anti-Semitism Act of 2016

## Sources
- [114-hr-5381 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5381)

## Related
- [114-hr-6421: Anti-Semitism Awareness Act of 2016](https://policyrisk.com/legislation/114-hr-6421)
- [114-hr-6398: To amend the Small Business Act to provide for the inclusion of unmarried women…](https://policyrisk.com/legislation/114-hr-6398)
- [114-hr-6332: National Hate Crimes Hotline Act of 2016](https://policyrisk.com/legislation/114-hr-6332)
- [114-hr-6259: Protecting Our Kids' Medicine Act of 2016](https://policyrisk.com/legislation/114-hr-6259)
- [114-hr-6231: Making College More Affordable Act](https://policyrisk.com/legislation/114-hr-6231)
- [114-hr-6208: Combating European Anti-Semitism Act of 2016](https://policyrisk.com/legislation/114-hr-6208)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5381 (as of 2025-11-18).