H.R. 4118 would exclude from gross income payments from the Hokie Spirit Memorial Fund to the victims of the tragic event, loss of life and limb, at Virginia Polytechnic Institute & State University.

== Detailed Summary ==

<summary>
(Log in<b>(This measure has not been amended since it was passed by the House on December 4, 2007. The summary of that version is repeated here.)</b>

Excludes from gross income, for federal income tax purposes, any payments made by Virginia Polytechnic Institute &amp; State University (Virginia Tech) out of the Hokie Spirit Memorial Fund to edit the wiki and bevictims of the firsttragic shootings at such school on April 16, 2007.

Increases the penalty for failure to providefile a detailed summarypartnership income tax return, for a taxable year beginning in 2008, by one dollar (from $85 to $86) per month (multiplied, as under current law, by the number of partners in the offending partnership during any part of the bill!)taxable year).
</summary>

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== Status of the Legislation ==

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Latest Major Action: 11/8/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
</status>

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== Points in Favor ==

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== Points Against ==

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