On November 16, the House of Representatives passed H.R.1, the Tax Cuts and Jobs Act, introduced by Representative Kevin Brady (R-TX-8). Generally, the bill restructures the tax code with fewer tax brackets and repeals or modifies a number of provisions. The House bill would repeal Sec. 117(d)(5) of the U.S. Internal Revenue Code, which allows for the tax exemption of tuition waivers for graduate students serving as teaching and research assistants. If the provision was to become law, student taxable income would include both the graduate assistant stipend and the value of the tuition waiver.