To amend the Internal Revenue Code of 1986 to allow a nonrefundable credit for elementary and secondary school supply expenses.

This bill allows a nonrefundable income tax credit for eligible elementary and secondary school supply expenses. The allowable amount of such credit may not exceed $200, reduced by certain modified adjusted gross income levels.

The bill defines eligible elementary and secondary school supply expenses as expenses for books, supplies, and other equpment in connection with the enrollment or attendance of a taxpayer dependent at a public, private, or religious school.