Browse Bills

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

Allows an individual a tax credit, under the Internal Revenue Code, for an amount equal to 50 percent of any amounts paid by him during the taxable year as tuition for the elementary or secondary education of any dependent with respect to whom he is entitled to a personal exemption. States that such credit shall not exceed $500 in any taxable year.

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

Allows an individual a tax credit, under the Internal Revenue Code, for an amount equal to 50 percent of any amounts paid by him during the taxable year as tuition for the elementary or secondary education of any dependent with respect to whom he is entitled to a personal exemption. States that such credit shall not exceed $500 in any taxable year.

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

Allows an individual a tax credit, under the Internal Revenue Code, for an amount equal to 50 percent of any amounts paid by him during the taxable year as tuition for the elementary or secondary education of any dependent with respect to whom he is entitled to a personal exemption. States that such credit shall not exceed $500 in any taxable year.

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

Allows an individual a tax credit, under the Internal Revenue Code, for an amount equal to 50 percent of any amounts paid by him during the taxable year as tuition for the elementary or secondary education of any dependent with respect to whom he is entitled to a personal exemption. States that such credit shall not exceed $500 in any taxable year.