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H.R.1396 — 93rd Congress (1973-1974) [93rd]
Sponsor:
Rep. Edwards, Jack [R-AL-1] (Introduced 01/06/1973)

Summary:
Summary: H.R.1396 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/06/1973)

Provides an income tax credit under the Internal Revenue Code for amounts paid as expenses of higher education. Limits such credit to 75 percent of expenses not exceeding $200, and 25 percent of expenses $200, but not $500, and 10 percent of expenses exceeding $500 but not $1,500. Provides for proration of credit where more than one taxpayer pays expenses and for an adjustment for certain scholarships and veterans' benefits. (Amends 26 U.S.C. 39)


Major Actions:
Summary: H.R.1396 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/06/1973)

Provides an income tax credit under the Internal Revenue Code for amounts paid as expenses of higher education. Limits such credit to 75 percent of expenses not exceeding $200, and 25 percent of expenses $200, but not $500, and 10 percent of expenses exceeding $500 but not $1,500. Provides for proration of credit where more than one taxpayer pays expenses and for an adjustment for certain scholarships and veterans' benefits. (Amends 26 U.S.C. 39)


Amendments:
Summary: H.R.1396 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/06/1973)

Provides an income tax credit under the Internal Revenue Code for amounts paid as expenses of higher education. Limits such credit to 75 percent of expenses not exceeding $200, and 25 percent of expenses $200, but not $500, and 10 percent of expenses exceeding $500 but not $1,500. Provides for proration of credit where more than one taxpayer pays expenses and for an adjustment for certain scholarships and veterans' benefits. (Amends 26 U.S.C. 39)


Cosponsors:
Summary: H.R.1396 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/06/1973)

Provides an income tax credit under the Internal Revenue Code for amounts paid as expenses of higher education. Limits such credit to 75 percent of expenses not exceeding $200, and 25 percent of expenses $200, but not $500, and 10 percent of expenses exceeding $500 but not $1,500. Provides for proration of credit where more than one taxpayer pays expenses and for an adjustment for certain scholarships and veterans' benefits. (Amends 26 U.S.C. 39)


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