H.R. 6486 · 115th Congress
Workforce Development Through Post-Graduation Scholarships Act of 2018
- Stage
- In committee
- Sponsor
- Darin LaHood
- Introduced
- 2018-07-24
- Latest action
- 2018-07-24 · Introduced in House
Summary
Workforce Development Through Post-Graduation Scholarships Act of 2018
This bill amends the Internal Revenue Code 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: (1) is established by certain tax-exempt organizations; (2) is designed to encourage individuals to serve in occupations of unmet needs or in areas of unmet needs; and (3) under which, in accordance with the conditions of a grant, the organization repays any portion of an education loan incurred by an individual to pay higher education expenses.