There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/27/1996)

Amends the Internal Revenue Code to exempt a private foundation making an employer-related grant from the excise tax on taxable expenditures when an individual scholarship or fellowship grant made by such a foundation is made on an objective and nondiscriminatory basis and is made pursuant to a qualified employer-related grant program.