A bill to amend the Internal Revenue Code to clarify the exclusion from income for the value of lodging located in the proximity of an educational institution and furnished by such institution to its employees.

Amends the Internal Revenue Code to exclude from the gross income of an employee of an educational institution the value of lodging: (1) located on, or in the proximity of, a campus of such institution; and (2) furnished to the employee, his spouse, or any of his dependents by or on behalf of such institution.