H.R. 3136

Graduate Student Savings Act of 2017

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I

115th CONGRESS

1st Session

H. R. 3136

IN THE HOUSE OF REPRESENTATIVES

June 29, 2017

Mr. Kennedy (for himself, Mr. Messer, Mr. Royce of California, Mr. Neal, and Mr. Byrne) 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 permit fellowship and stipend compensation to be saved in an individual retirement account.

1.

Short title

This Act may be cited as the Graduate Student Savings Act of 2017.

2.

Certain non-tuition fellowship and stipend payments treated as compensation

(a)

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..

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2016.