A bill to amend the Internal Revenue Code of 1954 to allow a credit against the individual income tax for tuition paid for the elementary or secondary education of dependents.

Summary

Provides, under the Internal Revenue Code, that there shall be allowed to an individual as a credit against income tax an amount paid by him to any private nonprofit elementary or secondary school during the taxable year for the elementary and secondary education of any dependent with respect to whom the taxpayer is allowed an exemption for the taxable year. Provides that such amount shall not exceed the lesser of 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary and secondary education of such dependent, or $500. (Amends 26 U.S.C. 42)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 3 January 1973

  Open at official source

Sponsors

• Rep. Rooney, Fred B. [D-PA-15] · D · Sponsor
• · hswm00 · Standing

Related records

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