,,ii ,calendar ,no4 #de #aadth          
,,congress  #ast ,session  ,s4 #iab     
,report ,no4 #aad-bb ,,in ,,the ,,senate
 ,,of ,,the ,,united ,,states  ,april   
#ad1 #bjae,mr4 ,hatch1 from the         
,committee on ,finance1 reported the    
following original bill2 which was read 
twice and placed on the calendar  ,a    
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to exclude payments     
received under the ,work ,colleges      
,program from gross income1 including   
payments made from institutional funds4 
#a4 ,exclusion for amounts received     
under the ,work ,colleges ,program  7a7 
,in general ,paragraph 7#b7 of section  
#aag7;c7 of the ,internal ,revenue ,code
 of #aihf is amended by striking or at  
the end of subparagraph 7,a71 by        
striking the period at the end of       
subparagraph 7,b7 and inserting 1 or1   
and by adding at the end the following  
new subparagraph3  7,c7 a comprehensive 
student work-learning-service program   
7as defined in section #ddh7;e7 of the  

,higher ,education ,act of #aife7       
operated by a work college 7as defined  
in such section74  4  7b7 ,effective    
date ,the amendments made by this       
section shall apply to amounts received 
in taxable years beginning after the    
date of the enactment of this ,act4  #b4
 ,increase in continuous levy  7a7 ,in  
general ,paragraph 7#c7 of section      
#fcca7;h7 of the ,internal ,revenue     
,code of #aihf is amended by striking   
#cj percent and inserting #ce percent4  
7b7 ,effective date ,the amendment made 
by this section shall apply to payments 
made after #ahj days after the date of  
the enactment of this ,act4  ,april #ad1
 #bjae,read twice and placed on the     
calendar