HR 2531 · 98th Congress · Taxation

Family Opportunity Act

Introduced 1983-04-13· Sponsored by Rep. Gingrich, Newt [R-GA-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-04-13)

Plain Language Summary

[AI summary unavailable — showing source text] Family Opportunity Act - Amends the Internal Revenue Code to allow an income tax credit for 50 percent of the expenses paid by a taxpayer for computers designed primarily for educational, professional, or other essentially nonrecreational use in the home. Limits the amount of such credit for a taxable year to $100 multiplied by the number of qualified members of the taxpayer's family.…

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