Employee Educational Assistance Act

Employee Educational Assistance Act - Amends the Internal Revenue Code to: (1) permanently extend the exclusion from gross income of employer-provided educational assistance; and (2) restore the exclusion for such assistance on the graduate level.

[Congressional Bills 106th Congress]
[From the U.S. Government Printing Office]
[S. 211 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 211

   To amend the Internal Revenue Code of 1986 to make permanent the 
 exclusion for employer-provided educational assistance programs, and 
                          for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                            January 19, 1999

Mr. Moynihan (for himself, Mr. Roth, Mr. Baucus, Mrs. Boxer, Mr. Bryan, 
Mr. Conrad, Mr. Graham, Mr. Grassley, Mr. Hatch, Mr. Jeffords, Mr. Kyl, 
Mr. Lieberman, Ms. Mikulski, Mr. Murkowski, Mr. Robb, and Mr. Schumer) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
 exclusion for employer-provided educational assistance programs, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Employee Educational Assistance 
Act''.

SEC. 2. EMPLOYER-PROVIDED EDUCATIONAL ASSISTANCE PROGRAMS.

    (a) Permanent Extension.--Section 127 of the Internal Revenue Code 
of 1986 (relating to exclusion for educational assistance programs) is 
amended by striking subsection (d) and by redesignating subsection (e) 
as subsection (d).
    (b) Repeal of Limitation on Graduate Education.--The last sentence 
of section 127(c)(1) of such Code is amended by striking ``, and such 
term also does not include any payment for, or the provision of any 
benefits with respect to, any graduate level course of a kind normally 
taken by an individual pursuing a program leading to a law, business, 
medical, or other advanced academic or professional degree''.
    (c) Effective Dates.--
            (1) Extension.--The amendments made by subsection (a) shall 
        apply with respect to expenses relating to courses beginning 
        after the date of enactment of this Act.
            (2) Graduate education.--The amendment made by subsection 
        (b) shall apply with respect to expenses relating to courses 
        beginning after December 31, 1998.
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