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1.015 -Exemption of Scholarships and Fellowships
| Item | Description | FY2011 | FY2012 | FY2013 |
|---|---|---|---|---|
| 1.015 | Exemption of Scholarships and Fellowships
Degree candidates can exclude scholarships and fellowship income if the amounts are not compensation for services or for the payment of room, board or travel expenses. Origin: IRC S. 117 Estimate: $19.1 |
17.3 | 18.6 | 19.1 |
Key:
| ORIGIN | |
| IRC | Federal Internal Revenue Code (26 U.S.C.) |
|---|---|
| U.S.C | United States Code |
| M.G.L. | Massachusetts General Laws |
| Rev. Rul.; C.B. | Revenue Ruling; Cumulative Bulletin of the U.S. Treasury |
| ESTIMATES | All estimates are in $ millions. |
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