Sen. Ribicoff, Abraham A. [D-CT] (Introduced 01/04/1973)
Summary: S.18 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (01/04/1973)
Allows a credit against income tax to individuals for expenses incurred in providing higher education for himself or any other individual.
Provides that such credit be an amount equal to the sum of: (1) 100 percent of so much of such expenses as does not exceed $200; (2) 25 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 5 percent of so much of such expenses as exceeds $500 but does not exceed $1,500.
Provides for the proration of credit where more than one taxpayer pays expenses.
Summary: S.18 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (01/04/1973)
Allows a credit against income tax to individuals for expenses incurred in providing higher education for himself or any other individual.
Provides that such credit be an amount equal to the sum of: (1) 100 percent of so much of such expenses as does not exceed $200; (2) 25 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 5 percent of so much of such expenses as exceeds $500 but does not exceed $1,500.
Provides for the proration of credit where more than one taxpayer pays expenses.
Summary: S.18 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (01/04/1973)
Allows a credit against income tax to individuals for expenses incurred in providing higher education for himself or any other individual.
Provides that such credit be an amount equal to the sum of: (1) 100 percent of so much of such expenses as does not exceed $200; (2) 25 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 5 percent of so much of such expenses as exceeds $500 but does not exceed $1,500.
Provides for the proration of credit where more than one taxpayer pays expenses.
Summary: S.18 — 93rd Congress (1973-1974)
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Introduced in Senate (01/04/1973)
Allows a credit against income tax to individuals for expenses incurred in providing higher education for himself or any other individual.
Provides that such credit be an amount equal to the sum of: (1) 100 percent of so much of such expenses as does not exceed $200; (2) 25 percent of so much of such expenses as exceeds $200 but does not exceed $500; and (3) 5 percent of so much of such expenses as exceeds $500 but does not exceed $1,500.
Provides for the proration of credit where more than one taxpayer pays expenses.
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