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

[AI summary unavailable — showing source text] 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.…