EMPLOYER-PROVIDED EDUCATIONAL ASSISTANCE.

SEC. 103. EMPLOYER-PROVIDED EDUCATIONAL ASSISTANCE. (a) Extension.— (1) In general.— Subsection (d) of section 127 (relating to educational assistance programs) is amended by striking “December 31, 1991” and inserting “June 30, 1992”. (2) Special rule.— In the case of any taxable year beginning in 1992, only amounts paid before July 1, 1992, by the employer for educational assistance for the employee shall be taken into account in determining the amount excluded under section 127 of the Internal Revenue Code of 1986 with respect to such employee for such taxable year. (b) Effective date.— The amendment made by this section shall apply to taxable years beginning after December 31, 1991.