HR 4038 · 100th Congress · Taxation
A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for tuition.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1988-02-29)
Plain Language Summary
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Amends the Internal Revenue Code to allow a nonrefundable individual income tax credit for the educational expenses of the taxpayer or dependents at an eligible private elementary or secondary school, institution of higher education, or vocational school. Limits the credit to $1,000 per individual. Excludes from credit calculations amounts paid for meals, lodging, or similar personal expenses. Includes scholarships and other educational assistance in expense determinations.…
Summarized by Claude AI · Non-partisan · For informational purposes only