A bill to allow a deduction for income tax purposes of certain expenses incurred by the taxpayer for the education of a dependent.

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, that expenses paid for the education of a dependent attending a college or university, to the extent that such expenses exceed the exemption allowed for such dependent, shall be deductible from gross income. States that such expenses shall include sums as are necessarily incurred in the pursuit of the education of such dependent at the college or university, and in his maintenance while pursuing such education.…