A bill to amend the Internal Revenue Code of 1954 to provide a 30-percent credit against the individual income tax for amounts paid as tuition or fees to certain public and private institutions of higher education.

Amends the Internal Revenue Code to allow a credit against the income tax for 30 percent of the aggregate amount paid during the taxable year for tuition and fees for education of the taxpayer or any other individual at a postsecondary, nonprofit educational institution.