EMPLOYER-PROVIDED EDUCATIONAL ASSISTANCE.

SEC. 13101. EMPLOYER-PROVIDED EDUCATIONAL ASSISTANCE. (a) Extension of Exclusion.— (1) In general.— Subsection (d) of section 127 (relating to educational assistance programs) is amended to read as follows: “(d) Termination.— This section shall not apply to taxable years beginning after December 31, 1994.” (2) Conforming amendment.— Paragraph (2) of section 103(a) of the Tax Extension Act of 1991 is hereby repealed. (b) Coordination With Section 132.— Paragraph (8) of section 132(i) is amended to read as follows: “(8) Application of section to otherwise taxable educational or training benefits.— Amounts paid or expenses incurred by the employer for education or training provided to the employee which are not excludable from gross income under section 127 shall be excluded from gross income under this section if (and only if) such amounts or expenses are a working condition fringe.” (c) Effective Dates.— (1) Subsection (a).— The amendments made by subsection (a) shall apply to taxable years ending after June 30, 1992. (2) Subsection (b).— The amendment made by subsection (b) shall apply to taxable years beginning after December 31, 1988.