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United States · Bill · HR

H.R. 6445 (95th)

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

referredUnited States· United States Congress· EN

Introduced

20 April 1977

Last action

20 April 1977 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Thone, Charles [R-NE-1], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Nedzi, Lucien N. [D-MI-14], Rep. Murphy, Austin J. [D-PA-20], Rep. Ertel, Allen E. [D-PA-17], Rep. Mazzoli, Romano L. [D-KY-3], Rep. Derwinski, Edward J. [R-IL-4], Rep. Fenwick, Millicent H. [R-NJ-5], Sen. Abdnor, James [R-SD], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Murphy, Morgan F. [D-IL-2], Rep. LaFalce, John J. [D-NY-29], Rep. Myers, John T. [R-IN-7], Rep. Badillo, Herman [D-NY-21], Sen. Andrews, Mark [R-ND], Sen. Pressler, Larry [R-SD], Sen. Baucus, Max [D-MT], Rep. Burgener, Clair W. [R-CA-43], Rep. Collins, James M. [R-TX-3], Rep. Edwards, Mickey [R-OK-5], Rep. Sebelius, Keith G. [R-KS-1], Rep. Winn, Larry, Jr. [R-KS-3]

Subjects

Taxation, Education

Source updated

1 August 2024

Taxation · Education

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow taxpayers to credit against the income tax specified higher education expenses, including tuition, fees, books, and supplies, incurred by the taxpayer for himself or any other individual. Limits the credit to 100 percent of the first $300 for any individual, 50 percent of the next $300, and 10 percent of the next $400. Limits the credit to expenses incurred by full time students at institutions of vocational and higher education, minus scholarships and veterans' benefits. Limits the total credit allowed the taxpayer to his income tax liability minus the sum of all other credits applied thereto. Disallows any deduction of educational expenses used to determine the amount of the credit allowed by this Act.

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

Timeline

  1. 20 April 1977

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 20 April 1977

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 20 April 1977

    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

Leesvertaling

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Sponsors

Related records

Sources

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