A bill to amend the Internal Revenue Code of 1954 to provide a credit for tuition paid for higher education.

Amends the Internal Revenue Code to allow individual taxpayers an income tax credit for the college or vocational school educational expenses paid by the taxpayer for his education or that of his spouse or dependents. Limits such credit to $1,000 per individual for the taxable year.

Includes tuition and fees required for enrollment at an educational institution and books, supplies, and equipment within the definition of "educational expenses." Excludes expenses for meals, lodging, or similar personal expenses.