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

Allows an income tax credit under the Internal Revenue Code to an individual for any tuition paid by him to any private nonprofit elementary or secondary school during the taxable year for the education of any dependent. Provides that the amount allowable for the taxable year with respect to any dependent shall not exceed the lesser of: (1) 50 percent of the tuition paid by the taxpayer during the taxable year for the elementary or secondary education of such dependent, or (2) $200. Provides for a $1 reduction of such credit allowable for each for $20 by which the taxpayer's gross income exceed $25,000. (Amends 26 U.S.C. 42)

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

Timeline

1. 30 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 30 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 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 · 30 January 1973

  Open at official source

Sponsors

• Rep. Vander Jagt, Guy [R-MI-9] · R · Sponsor
• · hswm00 · Standing

Related records

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