HR 5624 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exclude from gross income certain employer-sponsored scholarships.

Introduced 1992-07-21· Sponsored by Rep. Donnelly, Brian J. [D-MA-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1992-07-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income employer-sponsored scholarships if: (1) the scholarship does not exceed $5,000 for any calendar year; and (2) the adjusted gross income of the recipient does not exceed $50,000 for such year. Reduces the limitation on the maximum exclusion from gross income for employer-provided educational assistance by reason of this Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Studds, Gerry E. [D-MA-10]MA