Section 1 Exclusion for amounts received under the Work Colleges Program
In general— Paragraph (2) of section 117(c) of the Internal Revenue Code of 1986 is amended by striking “or” at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting “, or”, and by adding at the end the following new subparagraph:
“(C) a comprehensive student work-learning-service program (as defined in section 448(e) of the Higher Education Act of 1965) operated by a work college (as defined in such section).”
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 Act.