Federal Legislation
June 27, 2002

H.R. 316óChildren's Education Tax Credit Act

Action Requested:

Official purpose: To amend the Internal Revenue Code of 1986 to allow a refundable credit for education expenses of children receiving or eligible to receive free or reduced price school meals.
Introduced January 30, 2001 by Rep. Thomas G. Tancredo (R-CO 6th)

1/30/2001: Referred to the House Committee on Ways and Means.
Bill Summary and Status

HSLDA's Position:
HSLDA supports H.R. 316. The purpose of this bill is to establish tax credits for individuals who have qualified education expenses; this includes home schools (see section 35(C) of H.R. 316). Home schools are defined as "education furnished in the home which meets the requirements of State law relating to compulsory school attendance." Qualified expenses are defined as "fees, tutoring, books, supplies, computer equipment (including related software and services) and other equipment required for course of instruction at an eligible education institution."

 Other Resources

H.R. 316 (pdf)