S 1370 · 98th Congress · Taxation
A bill to amend subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1954 by inserting a new section of 44H to allow a credit for certain transportation expenses of foreign exchange students.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB, Treasury Department.(1983-06-06)
Plain Language Summary
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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