[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1095 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                S. 1095

 To amend the Internal Revenue Code of 1986 to extend permanently the 
     exclusion for educational assistance provided by employers to 
                               employees.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                July 31 (legislative day, July 10), 1995

   Mr. Moynihan (for himself, Mr. Roth, Mrs. Murray, Mr. Baucus, Mr. 
D'Amato, Mr. Grassley, Mr. Breaux, Mr. Hatch, and Mr. Pryor) 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 extend permanently the 
     exclusion for educational assistance provided by employers to 
                               employees.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT EXTENSION OF EDUCATIONAL ASSISTANCE EXCLUSION.

    (a) In General.--Section 127 of the Internal Revenue Code of 1986 
(relating to exclusion for educational assistance programs) is amended 
by striking subsection (d) and by redesignating subsection (e) as 
subsection (d).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1994.
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