[Congressional Bills 103th Congress] [From the U.S. Government Publishing Office] [H.R. 179 Introduced in House (IH)] 103d CONGRESS 1st Session H. R. 179 To amend the Internal Revenue Code of 1986 to extend the tax-exempt status of Christa McAuliffe Fellowships. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 5, 1993 Mr. Emerson introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to extend the tax-exempt status of Christa McAuliffe Fellowships. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) section 117 of the Internal Revenue Code of 1986 (relating to qualified scholarships) is amended by adding at the end thereof the following new subsection: ``(e) Christa McAuliffe Fellowships.--In the case of an individual who is a Christa McAuliffe Fellow (as defined in section 561(b) of the Higher Education Act of 1965) and is awarded a fellowship pursuant to section 561 of such Act, gross income shall not include any amount of such fellowship award-- ``(1) which is expended for a project approved by the Secretary of Education pursuant to section 563(b) of such Act, and ``(2) which is not expended directly or indirectly for the personal use or benefit of such individual.'' (b) The amendment made by subsection (a) shall apply to amounts received on or after July 1, 1990, in taxable years ending on or after such date. <all>