A bill to amend the Internal Revenue Code of 1954 to authorize a tax credit for certain expenses of providing higher education.

Summary

Allows an individual a tax credit under the Internal Revenue Code for the expenses of higher education paid by him during the taxable year to one or more institutions of higher education in providing an education above the twelfth grade for himself or for any other individual. Provides that such credit shall be limited to an amount equal to the sum of: 75 percent of so much of such expenses as does not exceed $200, 50 percent of so much of such expenses as exceeds $200 but does not exceed $500, and 25 percent of so much of such expenses as exceeds $500 but does not exceed $1,500. Reduces the amount declared as educational expenses by the amount of any scholarships and/or veterans' benefits.

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Timeline

1. 6 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1973

  Open at official source

Sponsors

• Rep. Talcott, Burt L. [R-CA-16] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to authorize a tax credit for certain expenses of providing higher education.
• related to ← A bill to amend the Internal Revenue Code of 1954 to authorize a tax credit for certain expenses of providing higher education.
• related to ← A bill to amend the Internal Revenue Code of 1954 to authorize a tax credit for certain expenses of providing higher education.