Blackburn College in Illinois Spent $25K on Audit Due to Ambiguous Tax Provision; Bill Would Protect Scholarships for More Than 5,000 Students Who Attend Work Colleges
WASHINGTON–(ENEWSPF)–June 27, 2014. U.S. Senators Mark Kirk (R-Ill.) and Roy Blunt (R-Mo.) this week introduced legislation to protect Work Colleges and their students’ scholarships from an ambiguous IRS rule. The Work Colleges Tax Relief Act (S. 2525) would clarify and make permanent a tax exemption for Work College scholarships,…
