H.R.1692 - Employee Educational Assistance Act of 1987100th Congress (1987-1988)
|Sponsor:||Rep. Guarini, Frank J. [D-NJ-14] (Introduced 03/18/1987)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 11/10/1988 Provisions of Measure Incorporated Into H.R.4333. (All Actions)|
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Summary: H.R.1692 — 100th Congress (1987-1988)All Information (Except Text)
Introduced in House (03/18/1987)
Employee Educational Assistance Act of 1987 - Amends the Internal Revenue Code to make permanent the income tax exclusion for employee educational assistance programs. (Present law terminates such exclusion as of December 31, 1987.)
Requires, for every taxable year beginning after 1988, an annual cost of living adjustment of the maximum excludable amount.
Waives the maximum excludable amount for any educational assistance furnished by certain educational institutions to graduate students engaged in teaching or research activities for such organization.