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{link: 'http://hdl.loc.gov/loc.uscongress/legislation.108hr282',title: 'Thomas - Bill Summary and Status - H.R.282' }

H.R.282
Title: To amend the Internal Revenue Code of 1986 to allow a credit for contributions for the benefit of elementary and secondary schools.
Sponsor: Rep Hoekstra, Peter [MI-2] (introduced 1/8/2003)      Cosponsors (24)
Latest Major Action: 1/8/2003 Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Jump to: Summary, Major Actions, All Actions, Titles, Cosponsors, Committees, Related Bill Details, Amendments
SUMMARY AS OF:
1/8/2003--Introduced.

Education Freedom Act - Amends the Internal Revenue Code to permit a tax credit for 50 percent of certain cash contributions by a taxpayer to an education investment organization or to an elementary or secondary school. Sets a maximum credit of $50,000 for corporations and $250 for other taxpayers ($500 for a joint return). Provides other limitations on the amount of the credit in certain specified instances.

Excludes from gross income any amount received as a grant for qualified elementary and secondary expenses from an education investment organization. Defines "qualified elementary and secondary expenses" and "education investment organization." Revises definition of "school" for purposes of defining qualified elementary and secondary education expenses.

MAJOR ACTIONS:

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ALL ACTIONS:
1/8/2003:
Referred to the House Committee on Ways and Means.
TITLE(S):  (italics indicate a title for a portion of a bill)
COSPONSORS(24), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

COMMITTEE(S):
RELATED BILL DETAILS:

AMENDMENT(S):

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