Children's Education Tax Credit Act

Summary

Children's Education Tax Credit Act - Amends the Internal Revenue Code to establish an annual tax credit (up to $450 for each qualifying student) for qualified educational expenses (tuition, attendance fees, books, supplies, equipment) paid by a taxpayer for the taxpayer, a spouse, or a dependent. Provides for: (1) credit proration in cases of shared expenses; (2) inclusion of certain home schooling expenses; and (3) adjustments for certain scholarships and veterans' benefits. Defines "eligible educational institution" as an institution of higher education, or a vocational, secondary, or elementary school.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 May 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 15 May 1997

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• Introduced in House

  summary · EN · 15 May 1997

  Open at official source

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