Legis Daily

Workforce Development Through Post-Graduation Scholarships Act of 2019

USA116th CongressS-676| Senate 
| Updated: 3/6/2019
Gary C. Peters

Gary C. Peters

Democratic Senator

Michigan

Cosponsors (1)
Shelley Moore Capito (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Workforce Development Through Post-Graduation Scholarships Act of 201 9 This bill modifies the requirements for calculating taxable income 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 is established by certain tax-exempt organizations; requires the grantee to live and work in an applicable community that meets certain requirements regarding income, out-migration, and bachelor's degree attainment rates; and 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. In implementing this bill, the Department of the Treasury must prescribe specified regulations and meet reporting requirements. The Government Accountability Office must report on the post-graduation scholarship grants covered by this bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 6, 2019
Introduced in Senate
Mar 6, 2019
Read twice and referred to the Committee on Finance.
Jul 25, 2019

Latest Companion Bill Action

HR 116-4038
Introduced in House
  • March 6, 2019
    Introduced in Senate


  • March 6, 2019
    Read twice and referred to the Committee on Finance.


  • July 25, 2019

    Latest Companion Bill Action

    HR 116-4038
    Introduced in House

Taxation

Related Bills

  • HR 116-4038: Workforce Development Through Post-Graduation Scholarships Act of 2019
Congressional oversightEconomic developmentGovernment studies and investigationsHigher educationIncome tax exclusionSocial work, volunteer service, charitable organizationsStudent aid and college costsTax-exempt organizations

Workforce Development Through Post-Graduation Scholarships Act of 2019

USA116th CongressS-676| Senate 
| Updated: 3/6/2019
Workforce Development Through Post-Graduation Scholarships Act of 201 9 This bill modifies the requirements for calculating taxable income 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 is established by certain tax-exempt organizations; requires the grantee to live and work in an applicable community that meets certain requirements regarding income, out-migration, and bachelor's degree attainment rates; and 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. In implementing this bill, the Department of the Treasury must prescribe specified regulations and meet reporting requirements. The Government Accountability Office must report on the post-graduation scholarship grants covered by this bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 6, 2019
Introduced in Senate
Mar 6, 2019
Read twice and referred to the Committee on Finance.
Jul 25, 2019

Latest Companion Bill Action

HR 116-4038
Introduced in House
  • March 6, 2019
    Introduced in Senate


  • March 6, 2019
    Read twice and referred to the Committee on Finance.


  • July 25, 2019

    Latest Companion Bill Action

    HR 116-4038
    Introduced in House
Gary C. Peters

Gary C. Peters

Democratic Senator

Michigan

Cosponsors (1)
Shelley Moore Capito (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-4038: Workforce Development Through Post-Graduation Scholarships Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightEconomic developmentGovernment studies and investigationsHigher educationIncome tax exclusionSocial work, volunteer service, charitable organizationsStudent aid and college costsTax-exempt organizations