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H.R. 3409 (114th): To amend the Internal Revenue Code of 1986 to exclude payments received under the Work Colleges Program from gross income, including payments made from institutional funds.


The text of the bill below is as of Jul 29, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 3409

IN THE HOUSE OF REPRESENTATIVES

July 29, 2015

(for himself, Mr. Danny K. Davis of Illinois, Mr. Womack, Mr. Rodney Davis of Illinois, Mr. Barr, Mr. Holding, Mr. Long, Mr. Rogers of Kentucky, Mr. Price of North Carolina, and Mr. Welch) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to exclude payments received under the Work Colleges Program from gross income, including payments made from institutional funds.

1.

Exclusion for amounts received under the Work Colleges Program

(a)

In general

Paragraph (2) of section 117(c) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting , or, and by adding at the end the following new subparagraph:

(C)

a comprehensive student work-learning-service program (as defined in section 448(e) of the Higher Education Act of 1965) operated by a work college (as defined in such section).

.

(b)

Effective date

The amendments made by this section shall apply to amounts received in taxable years beginning after the date of the enactment of this Act.