summary
Introduced
05/07/2019
05/07/2019
In Committee
05/07/2019
05/07/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill 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 of 1986 to provide an exclusion from gross income for AmeriCorps educational awards received under the National and Community Service Act of 1990. Specifically, it modifies the requirements for calculating taxable income to exclude these educational awards from gross income, and also excludes any amount received under a national service educational award program from being considered as part of an individual's gross income. The amendments made by this bill will apply to taxable years ending after the date of enactment.
Committee Categories
Budget and Finance
Sponsors (12)
Michael Bennet (D)*,
Roy Blunt (R),
Bill Cassidy (R),
Susan Collins (R),
Chris Coons (D),
Catherine Cortez Masto (D),
Maggie Hassan (D),
Johnny Isakson (R),
Jeff Merkley (D),
Rob Portman (R),
Jeanne Shaheen (D),
Roger Wicker (R),
Last Action
Read twice and referred to the Committee on Finance. (on 05/07/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/1355/all-info |
| BillText | https://www.congress.gov/116/bills/s1355/BILLS-116s1355is.pdf |
| Bill | https://www.congress.gov/116/bills/s1355/BILLS-116s1355is.pdf.pdf |
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