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.

Bill: 114-hr-3409
Sponsor: full_name: Rep. Smith, Jason [R-MO-8]
Introduced: 2015-07-29
Policy area: Taxation
Subjects: Higher education

Income tax exclusion

Student aid and college costs

Wages and earnings

Youth employment and child labor
Latest action: action_date: 2015-07-29
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-07-29
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3409 IN THE HOUSE OF REPRESENTATIVES July 29, 2015 Mr. Smith of Missouri (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.