An original 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.

Bill: 114-s-912
Sponsor: full_name: Sen. Hatch, Orrin G. [R-UT]
Introduced: 2015-04-14
Policy area: Taxation
Subjects: Debt collection

Higher education

Income tax exclusion

Medicare

Student aid and college costs

Tax administration and collection, taxpayers

Wages and earnings

Youth employment and child labor
Latest action: action_date: 2015-04-14
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 45.

Summaries:
action_date: 2015-04-14
action_desc: Introduced in Senate
text: <p>Amends the Internal Revenue Code to: (1) exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college, and (2) increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes.</p>

action_date: 2015-04-14
action_desc: Reported to Senate without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) </p> <p>(Sec. 1) 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. Makes this amendment applicable to amounts received in taxable years beginning after the enactment date of this Act. </p> <p>(Sec. 2) Amends the Internal Revenue Code to increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes. Makes this amendment applicable to payments made after 180 days after the enactment date of this Act. </p>

tv_txt: II Calendar No. 45 114th CONGRESS 1st Session S. 912 [Report No. 114–22] IN THE SENATE OF THE UNITED STATES April 14, 2015 Mr. Hatch , from the Committee on Finance , reported the following original bill; which was read twice and placed on the calendar 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. 2. Increase in continuous levy (a) In general Paragraph (3) of section 6331(h) of the Internal Revenue Code of 1986 is amended by striking 30 percent and inserting 35 percent . (b) Effective date The amendment made by this section shall apply to payments made after 180 days after the date of the enactment of this Act.

April 14, 2015 Read twice and placed on the calendar