US SB912 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 14 2015 - 25% progression, died in chamber
Action: 2015-04-14 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 45.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 14 2015 - 25% progression, died in chamber
Action: 2015-04-14 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 45.
Text: Latest bill text (Introduced) [PDF]
Summary
An original 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. (Sec. 1) Amends the Internal Revenue Code to exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college. Makes this amendment applicable to amounts received in taxable years beginning after the enactment date of this Act. (Sec. 2) Amends the Internal Revenue Code to increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes. Makes this amendment applicable to payments made after 180 days after the enactment date of this Act.
Title
An original 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.
Sponsors
Sen. Orrin Hatch [R-UT] |
History
Date | Chamber | Action |
---|---|---|
2015-04-14 | Senate | Placed on Senate Legislative Calendar under General Orders. Calendar No. 45. |
2015-04-14 | Senate | Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-22. |
Same As/Similar To
SB376 (Related) 2015-02-04 - Read twice and referred to the Committee on Finance.
HB3409 (Related) 2015-07-29 - Referred to the House Committee on Ways and Means.
HB3409 (Related) 2015-07-29 - Referred to the House Committee on Ways and Means.
Subjects
Debt collection
Higher education
Income tax exclusion
Medicare
Student aid and college costs
Tax administration and collection, taxpayers
Taxation
Wages and earnings
Youth employment and child labor
Higher education
Income tax exclusion
Medicare
Student aid and college costs
Tax administration and collection, taxpayers
Taxation
Wages and earnings
Youth employment and child labor
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/912/all-info |
Text | https://www.congress.gov/114/bills/s912/BILLS-114s912pcs.pdf |