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 a taxpayer an income tax credit for college or vocational school educational expenses paid by the taxpayer for the education of the taxpayer or the taxpayer's 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 and lodging and similar personal expenses.