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HR 4118 RDS110th CONGRESS1st SessionH. .R.4118
IN THE SENATE OF
One Hundred Tenth Congress
of the
United States of America
AT THE UNITED STATESDecember 5, 2007Received
AN ACTFIRST SESSION
Begun and held at the City of Washington on Thursday,
the fourth day of January, two thousand and seven
An Act
To exclude from gross income payments from the Hokie Spirit Memorial Fund to the victims of the tragic event at Virginia Polytechnic Institute & State University.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. EXCLUSION FROM INCOME FOR PAYMENTS FROM THE HOKIE SPIRIT MEMORIAL FUND.
For purposes of the Internal Revenue Code of 1986, gross income shall not include any amount received from the Virginia Polytechnic Institute & State University, out of amounts transferred from the Hokie Spirit Memorial Fund established by the Virginia Tech Foundation, an organization organized and operated as described in section 501(c)(3) of the Internal Revenue Code of 1986, if such amount is paid on account of the tragic event on April 16, 2007, at such university.
SEC. 2. MODIFICATION OF PENALTY FOR FAILURE TO FILE PARTNERSHIP RETURNS.
For any return of a partnership required to be filed under section 6031 of the Internal Revenue Code of 1986 for a taxable year beginning in 2008, the dollar amount in effect under section 6698(b)(1) of such Code shall be increased by $1.
PassedSpeaker of the House of Representatives December 4, 2007.Attest:LORRAINE C. MILLER,Clerk.
Vice President of the United States and
President of the Senate.
U.S. Congress - Text of H.R.4118 as Enrolled Bill To exclude from gross income payments from the Hokie Spirit Memorial Fund to the victim...
