,,ii  #aag? ,,congress  #a/ ,session    
,s4 #bhig  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bi1         
#bjba,mr4 ,burr introduc$ ! foll[+ bill2
 :i* 0 read twice & ref]r$ to !         
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 provide t ! exclusion f gross income = 
qualifi$ s*ol>%ips does n apply to      
a?letic s*ol>%ips if ! recipi5t receives
 c]ta9 income d]iv$ f ! recipi5t's "n1  
image1 or lik5ess4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,,nil ,s*ol>%ip   
,tax ,act4  #b4 ,treatm5t ( c]ta9       
a?letic s*ol>%ips z income  7a7 ,9 g5]al
 ,section #aag7;c7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ to read z foll[s3
  7c7 ,limitations  7#a7 ,tea*+ s]vices 
7,a7 ,9 g5]al ,except z provid$ 9       
subp>agraph 7,b71 subsections 7a7 & 7d7 
%all n apply to t portion ( any am\nt   
receiv$ :i* repres5ts paym5t = tea*+1   
rese>*1 or o!r s]vices by ! /ud5t       
requir$ z a condition = receiv+ !       
qualifi$ s*ol>%ip or qualifi$ tuition   

r$uction4  7,b7 ,exceptions ,subp>agraph
 7,a7 %all n apply to any am\nt receiv$ 
by an individual "u-- 7i7 ! ,national   
,heal? ,s]vice ,corps ,s*ol>%ip ,program
 "u section #cch;,a7g77#a77;,a7 ( !     
,public ,heal? ,s]vice ,act1  7ii7 !    
,arm$ ,=ces ,heal? ,pr(essions ,s*ol>%ip
 & ,f9ancial ,assi/ance program "u      
sub*apt] ,i ( *apt] #aje ( title #aj1   
,unit$ ,/ates ,code1 or  7iii7 a        
compreh5sive /ud5t "w-le>n+-s]vice      
program 7z def9$ 9 section #ddh7;e7 ( ! 
,high] ,education ,act ( #aife7 op]at$  
by a "w college 7z def9$ 9 su* section74
  7#b7 ,c]ta9 a?letic s*ol>%ips  7,a7 ,9
 g5]al ,subsection 7a7 %all n apply to  
any a?letic s*ol>%ip if-- 7i7 !         
individual receiv+ su* a?letic s*ol>%ip 
receiv$ income 9 excess ( #bj1jjj dur+ !
 taxable ye> f ! "n1 image1 or lik5ess (
 su* individual1 or  7ii7 ?is p>agraph  
appli$ to su* a?letic s*ol>%ip = any    
prior taxable ye>4  7,b7 ,a?letic       
s*ol>%ip ,= purposes ( ?is p>agraph1 !  
t]m a?letic s*ol>%ip means any qualifi$ 

s*ol>%ip ! t]ms ( :i* require ! recipi5t
 to p>ticipate 9 a program (            
int]collegiate a?letics at an in/itution
 ( high] education 7z def9$ 9 section   
#ajb ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajjb77 9 ord] to be     
eligible to receive su* assi/ance4  4   
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to taxable ye>s  
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4