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 2023
This bill excludes from gross income, for income tax purposes, post-graduation scholarship grants. The bill defines a post-graduation scholarship grant as any grant program that is established by a tax-exempt organization that, among other things, repays a portion of a student's education loan.
To be eligible for these grants, a grant recipient must live and work in a community that has a bachelor's degree attainment rate below the state or national average.
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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