US HB4038 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 25 2019 - 25% progression, died in committee
Action: 2019-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the requirements for calculating taxable income to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded. A "post-graduation scholarship grant" is a grant provided by a program that is established by certain tax-exempt organizations, is designed to encourage individuals to serve in occupations of unmet needs or in areas of unmet need, and that repays any portion of an education loan incurred by an individual.
Title
Workforce Development Through Post-Graduation Scholarships Act of 2019
Sponsors
| Rep. Darin LaHood [R-IL] | Rep. Terri Sewell [D-AL] | Rep. David McKinley [R-WV] | Rep. Bill Johnson [R-OH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-25 | House | Referred to the House Committee on Ways and Means. |
| 2019-07-25 | House | Introduced in House |
Same As/Similar To
SB676 (Related) 2019-03-06 - Read twice and referred to the Committee on Finance.
Subjects
Economic development
Higher education
Income tax exclusion
Medical education
Student aid and college costs
Tax-exempt organizations
Taxation
Higher education
Income tax exclusion
Medical education
Student aid and college costs
Tax-exempt organizations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/4038/all-info |
| Text | https://www.congress.gov/116/bills/hr4038/BILLS-116hr4038ih.pdf |
