HR 1323 · 96th Congress · Taxation

Guaranteed Post Secondary Education for Americans Act

Introduced 1979-01-24· Sponsored by Rep. Broomfield, William S. [R-MI-19]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-24)

Plain Language Summary

[AI summary unavailable — showing source text] Guaranteed Post-Secondary Education for Americans Act - Amends the Internal Revenue Code to allow an income tax credit for the education expenses of any individual at an institution of post-secondary education. Allows a credit for 80 percent of expenses under $500, 60 percent of expenses between $500 and $1,000, and 40 percent of expenses between $500 and $2,250. Requires an annual cost of living adjustment to these expense limits. Limits the credit to the expenses of one student during the taxable year.…

Summarized by Claude AI · Non-partisan · For informational purposes only