Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 14, 2015)
Amends the Internal Revenue Code to: (1) exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college, and (2) increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes.
What just happenedApr 14, 2015
Placed on Senate Legislative Calendar under General Orders. Calendar No. 45.
Who’s behind it
Placed on Senate Legislative Calendar under General Orders. Calendar No. 45.
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-22.
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-22.
Introduced in Senate
Amends the Internal Revenue Code to: (1) exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college, and (2) increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes.
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) Amends the Internal Revenue Code to exclude from gross income payments received by a student under a comprehensive student work-learning-service program operated by a work college. Makes this amendment applicable to amounts received in taxable years beginning after the enactment date of this Act.
(Sec. 2) Amends the Internal Revenue Code to increase from 30% to 35% the rate of the continuous levy on payments to Medicare providers and suppliers for unpaid taxes. Makes this amendment applicable to payments made after 180 days after the enactment date of this Act.