S. 2462 · 114th Congress
Make Student Grants Truly Tax-Free Act
- Stage
- In committee
- Sponsor
- Richard Blumenthal
- Introduced
- 2016-01-21
- Latest action
- 2016-01-21 · Introduced in Senate
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.