Higher Education Funding Act of 1979

[AI summary unavailable — showing source text] Title I: Credit for Tuition Paid for the Elementary or Secondary Education of Dependents - Amends the Internal Revenue Code to allow an income tax credit for the elementary or secondary school tuition of the dependents of a taxpayer at a private nonprofit school. Limits such credit to the lesser of 50 percent of tuition cost or $200. Reduces the amount of such credit by $1 for each full $20 by which the adjusted gross income of the taxpayer exceeds $18,000. Defines "tuition" as any amount required for the enrollment or attendance of a student at a private nonprofit elementary or secondary school. Excludes from such definition amounts paid for meals, lodging, transportation, supplies, equipment, clothing, or personal family expenses. Defines "private nonprofit elementary or secondary school" as an educational organization which is tax-exempt, offers education at the elementary or secondary level, and attendance at which satisfies the compulsory education laws of the State in which it is located. Forbids any construction of this Act as granting the Government additional authority to examine the books or activities of any church school except to the extent necessary to determine wheth…