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H.R. 5396 (115th): GAP Act

The text of the bill below is as of Mar 22, 2018 (Introduced).


I

115th CONGRESS

2d Session

H. R. 5396

IN THE HOUSE OF REPRESENTATIVES

March 22, 2018

(for himself and Mr. Capuano) 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 allow graduate students to exclude tuition reductions from gross income.

1.

Short title

This Act may be cited as the Graduate Assistants Parity Act or as the GAP Act.

2.

Exclusion of tuition reductions from gross income of graduate students

(a)

In general

Section 117(d)(2) of the Internal Revenue Code of 1986 is amended by striking (below the graduate level).

(b)

Conforming amendment

Section 117(d) of such Code is amended by striking paragraph (5).

(c)

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.