US SB2462 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 21 2016 - 25% progression, died in committee
Action: 2016-01-21 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 21 2016 - 25% progression, died in committee
Action: 2016-01-21 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Make Student Grants Truly Tax-Free Act This bill amends the Internal Revenue Code to expand the tax exclusion for scholarships to include amounts received: (1) through a scholarship or fellowship grant program administered by the Secretary of Education that is based on financial need, including a Federal Pell Grant; (2) as an Iraq and Afghanistan Service grant under the Higher Education Act of 1965; or (3) as a TEACH Grant under the Higher Education Act of 1965.
Title
Make Student Grants Truly Tax-Free Act
Sponsors
Sen. Richard Blumenthal [D-CT] | Sen. Jack Reed [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2016-01-21 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Afghanistan
Asia
Elementary and secondary education
Income tax exclusion
Iraq
Middle East
Military operations and strategy
Military personnel and dependents
Student aid and college costs
Taxation
Teaching, teachers, curricula
Veterans' pensions and compensation
Asia
Elementary and secondary education
Income tax exclusion
Iraq
Middle East
Military operations and strategy
Military personnel and dependents
Student aid and college costs
Taxation
Teaching, teachers, curricula
Veterans' pensions and compensation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2462/all-info |
Text | https://www.congress.gov/114/bills/s2462/BILLS-114s2462is.pdf |