Employee Educational Assistance Act of 1999

Employee Educational Assistance Act of 1999 - Amends the Internal Revenue Code to: (1) permanently extend the exclusion from gross income of employer-provided educational assistance; and (2) restore the exclusion for such assistance on the graduate level.

[Congressional Bills 106th Congress]
[From the U.S. Government Printing Office]
[H.R. 323 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 323

 To amend the Internal Revenue Code of 1986 to permanently extend the 
 exclusion for employer-provided educational assistance and to restore 
        the exclusion for graduate level educational assistance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 19, 1999

 Mr. Levin (for himself, Mr. Shaw, Mr. Lewis of Georgia, Mr. Campbell, 
  Mr. Mascara, Mr. Sanders, Mr. McCollum, Mr. Paul, Mrs. Morella, Mr. 
 Holden, Mrs. Meek of Florida, Mr. Oberstar, Mr. Kildee, Mr. English, 
Mrs. Maloney of New York, Mr. Gejdenson, Mr. Brown of Ohio, Ms. Hooley 
of Oregon, Mr. Weygand, Mr. Coyne, Mr. Rahall, Mr. Matsui, Mr. Condit, 
 Mr. Ford, Mr. Vento, and Mr. Baldacci) 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 permanently extend the 
 exclusion for employer-provided educational assistance and to restore 
        the exclusion for graduate level educational assistance.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Employee Educational Assistance Act 
of 1999''.

SEC. 2. PERMANENT EXTENSION OF EMPLOYER-PROVIDED EDUCATIONAL 
              ASSISTANCE; RESTORATION OF EXCLUSION FOR GRADUATE LEVEL 
              ASSISTANCE.

    (a) Exclusion Made Permanent.--
            (1) In general.--Section 127 of the Internal Revenue Code 
        of 1986 (relating to educational assistance programs) is 
        amended by striking subsection (d) and by redesignating 
        subsection (e) as subsection (d).
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to expenses paid with respect to courses beginning 
        after May 31, 2000.
    (b) Restoration of Exclusion for Graduate Level Assistance.--
            (1) In general.--The last sentence of section 127(c)(1) of 
        such Code is amended by striking all that follows ``hobbies'' 
        and inserting a period.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply with respect to expenses relating to courses 
        beginning after June 30, 1996.
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