Scholarship Program Assistance Act

Summary

Scholarship Program Assistance Act - Amends the Internal Revenue Code, with respect to exempting certain kinds of scholarship or fellowship grants from classification as taxable expenditures of a private foundation, to apply such exemption to a grant under an employer-related scholarship program where the number of such grants awarded during any year does not exceed 50 percent of the number of eligible individuals submitting applications for such grants. Defines an "employer-related scholarship program" as one which: (1) provides grants for study at educational institutions eligible to receive tax deductible charitable contributions; and (2) limits the eligibility for all or a portion of such grants to employees of a particular employer (or group of employers), or to members of such employees' families.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 19 October 1979

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.