HR 1323 · 96th Congress · Taxation
Guaranteed Post Secondary Education for Americans Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1979-01-24)
Plain Language Summary
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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