3.0.0 5730 2023-01-11T13:33:25Z 2023-01-11T13:33:25Z House HR 2016-07-12 114 [Congressional Record Volume 162, Number 112 (Tuesday, July 12, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MESSER:H.R. 5730.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I:[Page H4815]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-07-12T14:01:20Z 2016-07-12 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-07-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-07-12 Introduced in House IntroReferral 1000 9 Library of Congress M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 N S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2016-07-12 True H001073 Rep. Hurd, Will [R-TX-23] Will Hurd R TX 23 2016-07-12 True M001197 Rep. McSally, Martha [R-AZ-2] Martha McSally R AZ 2 2016-09-07 False P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2016-09-26 False Taxation Higher education Income tax exclusion Inflation and prices Research administration and funding Student aid and college costs Taxation 00 2016-07-12 Introduced in House 2016-09-01T13:21:44Z Fair Treatment of Scholarships Act of 2016

This bill amends the Internal Revenue Code to modify the provision which excludes from the gross income of a student any amount that is received as a qualified scholarship used for qualified tuition and related expenses.

The bill expands the exclusion to: (1) permit the scholarship to be used for room and board costs for which there is an allowance under the Higher Education Act of 1965; and (2) to specify that "qualified tuition and related expenses" include fees, books, supplies, and equipment required for research at the educational organization.

The amount included in qualified tuition and related expenses for research not required for a course of instruction may not exceed $300 per year, adjusted for inflation after 2016.

]]> Fair Treatment of Scholarships Act of 2016 Display Title Fair Treatment of Scholarships Act of 2016 Short Titles as Introduced Fair Treatment of Scholarships Act of 2016 Official Title as Introduced To amend the Internal Revenue Code of 1986 to exclude room and board costs and certain research expenses from gross income of certain students. Introduced in House 2016-07-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5730ih/xml/BILLS-114hr5730ih.xml 2016-07-12 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.