[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 912 Placed on Calendar Senate (PCS)]

                                                        Calendar No. 45
114th CONGRESS
  1st Session
                                 S. 912

                          [Report No. 114-22]

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

                             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.

    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 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.

SEC. 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.
                                                        Calendar No. 45

114th CONGRESS

  1st Session

                                 S. 912

                          [Report No. 114-22]

_______________________________________________________________________

                                 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.

_______________________________________________________________________

                             April 14, 2015

                 Read twice and placed on the calendar