A bill to amend the Internal Revenue Code of 1954 to permit a taxpayer to claim a credit for amounts paid as tuition to provide education for himself, for his spouse, or for his dependents, and to provide that such credit is refundable.
Tuition Relief Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer a refundable income tax credit for tuition paid to an elementary, secondary, vocational, or higher educational institution for the education of the taxpayer or the taxpayer's spouse or dependents.
Limits the amount of the credit to 50 percent of the amount of tuition paid up to a maximum of $300.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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