[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 127 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 127

 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 7, 1997

     Mr. Levin (for himself, Mr. Shaw, Mr. Rangel, Mr. English of 
  Pennsylvania, Mr. Matsui, Mr. Crane, Mr. Coyne, Mr. Houghton, Mrs. 
      Kennelly of Connecticut, Mr. Lewis of Georgia, Mr. Neal of 
 Massachusetts, Mr. Petri, Mr. Oberstar, Mr. Knollenberg, Mr. Waxman, 
  Mr. Holden, Mr. McHale, Mr. Pomeroy, Ms. Norton, and Mr. Jackson of 
  Illinois) 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 1997''.

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).
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to taxable years beginning after May 31, 1997.
    (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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