A bill to amend the Internal Revenue Code of 1954 to allow individuals an income tax credit for certain expenses of elementary or secondary education.

Summary

Revises the Internal Revenue Code to allow as a credit against the income tax the expenses of elementary or secondary education paid by an individual during the taxable year to any private nonprofit elementary or secondary school for a dependent. Limits such credit to the lesser of 100 percent of the expenses or $300. Reduces such credit by an amount equal to 1 percent of the amount by which the adjusted gross income of the taxpayer exceeds $22,500.

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Timeline

1. 13 March 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 13 March 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 March 1975

   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 · 13 March 1975

  Open at official source

Sponsors

• Rep. Coughlin, Lawrence [R-PA-13] · R · Sponsor
• Sen. Andrews, Mark [R-ND] · R · Cosponsor
• Rep. Archer, Bill [R-TX-7] · R · Cosponsor
• Rep. Burgener, Clair W. [R-CA-43] · R · Cosponsor
• Rep. Cleveland, James C. [R-NH-2] · R · Cosponsor
• Rep. Collins, James M. [R-TX-3] · R · Cosponsor
• Rep. Derwinski, Edward J. [R-IL-4] · R · Cosponsor
• Rep. Dickinson, William L. [R-AL-2] · R · Cosponsor
• Rep. Duncan, John J. [R-TN-2] · R · Cosponsor
• Rep. Eilberg, Joshua [D-PA-4] · D · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Rep. O'Brien, George M. [R-IL-4] · R · Cosponsor
• Rep. St Germain, Fernand J. [D-RI-1] · D · Cosponsor
• Rep. Treen, David C. [R-LA-3] · R · Cosponsor
• Rep. Yatron, Gus [D-PA-6] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to allow individuals an income tax credit for certain expenses of elementary or secondary education.