S 1841 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow a credit for transportation expenses incurred in connection with foreign exchange programs.

Introduced 1981-11-12· Sponsored by Sen. Durenberger, Dave [R-MN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-11-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an income tax credit for the transportation expenses of a U.S. foreign exchange student incurred in traveling abroad to participate in a teenager exchange-visitor program. Limits such credit to 25 percent of the transportation expenses incurred.…

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