Tuition Tax Credit Act

[AI summary unavailable — showing source text] Tuition Tax Credit Act - Amends the Internal Revenue Code to allow individual taxpayers a nonrefundable income tax credit for 50 percent of the tuition paid for the elementary, secondary, college, or post-secondary vocational education of the taxpayer, his or her spouse, or any of his or her dependents. Sets forth maximum dollar amounts allowable as a credit for calendar years 1980 through 1982. Treats tuition payments as paid for calendar year 1980 only if such payments are made on or after August 1, 1980, and before February 1, 1981, for education furnished on or after August 1, 1980, and before January 1, 1981. Treats tuition payments as paid for calendar years 1981 and thereafter only if such payments are made during the particular calendar year or within one month of the beginning or close of such calendar year for education furnished during that year. Specifies that tuition must be paid for general (non-graduate) courses of instruction in order to qualify for the credit. Defines full-time and qualified half-time student. Excludes from the definition of "tuition" any amounts paid for books, supplies, equipment for coursework, meals, lodging, transportation, or similar personal…