A bill to amend the Internal Revenue Code of 1986 to exclude certain post-graduation scholarship grants from gross income in the same manner as qualified scholarships to promote economic growth.
Workforce Development Through Post-Graduation Scholarships Act of 2021
This bill excludes from gross income, for income tax purposes, any amount received by an individual taxpayer as a post-graduation scholarship grant by a tax-exempt charitable organization for the payment of certain education expenses or for the repayment of education loans.
The bill requires reports on the post-graduation scholarship grant program by the Department of the Treasury and the Government Accountability Office.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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