A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax to individuals for certain expenses incurred in providing higher education.

Summary

Amends the Internal Revenue Code to allow an income tax credit for specified higher education expenses, including tuition, fees, books, and supplies, incurred by the taxpayer for himself or any dependent. Limits the credit to 100 percent of the first $200 for any individual, 75 percent of the next $300, and 25 percent of the next $1,000. Limits the credit to expenses incurred by full time students at institutions of vocational and higher education, minus scholarships and veterans' benefits. Disallows any deduction of educational expenses used to determine the amount of the credit allowed by this Act.

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Timeline

1. 10 May 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 10 May 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 May 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

• Introduced in House

  summary · EN · 10 May 1977

  Open at official source

Sponsors

• Rep. Harris, Herbert E., II [D-VA-8] · D · Sponsor
• Rep. Ottinger, Richard L. [D-NY-20] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax to individuals for certain expenses incurred in providing higher education.