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Bill > HR1794


US HR1794

US HR1794
Segal AmeriCorps Education Award Tax Relief Act of 2019


summary

Introduced
03/14/2019
In Committee
03/14/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards. This bill modifies the requirements for calculating taxable income to exclude from gross income any AmeriCorps educational awards provided under the National and Community Service Act of 1990.

AI Summary

This bill, the Segal AmeriCorps Education Award Tax Relief Act of 2019, amends the Internal Revenue Code to exclude AmeriCorps educational awards from an individual's gross income for tax purposes. Specifically, it modifies the requirements for calculating taxable income to exclude any national service educational awards provided under the National and Community Service Act of 1990. This change applies to taxable years ending after the date of the bill's enactment, effectively making these AmeriCorps awards tax-free for recipients.

Committee Categories

Budget and Finance

Sponsors (19)

Last Action

Referred to the House Committee on Ways and Means. (on 03/14/2019)

bill text


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