Section 1 Short title
This Act may be cited as the “Graduate Student Savings Act of 2017”.
Graduate Student Savings Act of 2017
A BILL
To amend the Internal Revenue Code of 1986 to permit fellowship and stipend compensation to be saved in an individual retirement account.
Sec. 2 Certain non-tuition fellowship and stipend payments treated as compensation
In general— Paragraph (1) of section 219(f) of the Internal Revenue Code of 1986 is amended by adding at the end the following: “Such term includes any amount paid to an individual to aid the individual in the pursuit of graduate or postdoctoral study or research.”.
Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2016.