A bill to provide that the moratorium on fringe benefit taxation (P.L. 95-427) applies to the value of certain campus housing furnished by educational institutions to their employees.

Provides that the moratorium on fringe benefit taxation applies to the value of housing furnished by educational institutions to their employees if: (1) the housing is located on a campus of, or in the proximity of, such institution; and (2) such institution has a reasonable basis for not treating the value of such housing as subject to taxation.