A bill to amend the Internal Revenue Code of 1954 to clarify the exclusion from gross income of National Research Service Awards made under section 472 of the Public Health Service Act by providing that such awards shall be excludable from gross income to the same extent as other scholarships and fellowship grants.

Amends the Internal Revenue Code to provide that all amounts, compensation, goods and services received as National Research Service Awards under the Public Health Service Act since July 12, 1974, are excludable from gross income to the same extent as scholarships and fellowship grants. Provides a minimum period of limitations for refunds of taxes assessed on such amounts of one year commencing with the date of this enactment.