November 2, 2001

Outlook in Doubt for Bill to Benefit Recipients of Hope Tax Credit

By SARA HEBEL

At Issue: Expanding the types of college-related expenses that people can count when using federal Hope tax credits. The credits allow people in their first two years of college or their parents to claim up to $1,500 against taxes they otherwise would owe.

Gist: Under current law, students or their families may count only tuition and certain "related" college expenses toward the amount they can claim for the Hope credit. U.S. Reps. Dave Camp, a Michigan Republican, and James P.

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