[United States Statutes at Large, Volume 121, 110th Congress, 1st Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

121 STAT. 1802

Public Law 110-141
110th Congress

An Act


 
To exclude from gross income payments from the Hokie Spirit Memorial
Fund to the victims of the tragic event at Virginia Polytechnic
Institute & State University. [NOTE: Dec. 19, 2007 -  [H.R. 4118]

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXCLUSION FROM INCOME FOR PAYMENTS FROM THE HOKIE
SPIRIT MEMORIAL FUND.

For purposes of the Internal Revenue Code of 1986, gross income
shall not include any amount received from the Virginia Polytechnic
Institute & State University, out of amounts transferred from the Hokie
Spirit Memorial Fund established by the Virginia Tech Foundation, an
organization organized and operated as described in section 501(c)(3) of
the Internal Revenue Code of 1986, if such amount is paid on account of
the tragic event on April 16, 2007, at such university.
SEC. 2. [NOTE: 26 USC 6698 note. MODIFICATION OF PENALTY FOR
FAILURE TO FILE PARTNERSHIP RETURNS.

For any return of a partnership required to be filed under section
6031 of the Internal Revenue Code of 1986 for a taxable year beginning
in 2008, the dollar amount in effect under section 6698(b)(1) of such
Code shall be increased by $1.

Approved December 19, 2007.

LEGISLATIVE HISTORY--H.R. 4118:
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CONGRESSIONAL RECORD, Vol. 153 (2007):
Dec. 4, considered and passed House.
Dec. 6, considered and passed Senate.
WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 43 (2007):
Dec. 19, Presidential remarks.