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.

Amends the Internal Revenue Code to exclude from gross income payments received by a student under a comprehensive work-learning-service program operated by a work college.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2525 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2525

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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 25, 2014

  Mr. Kirk (for himself and Mr. Blunt) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 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.

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

SECTION 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 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.
                                 <all>