3.0.0 3697 2023-01-11T13:40:54Z 2023-01-11T13:40:54Z Senate S 2018-11-29 115 ssfi00 Finance Committee Senate Standing Referred to 2018-11-29T22:38:01Z Workforce Development Through Post-Graduation Scholarships Act of 2018 115 6486 HR 2018-07-24 Referred to the House Committee on Ways and Means. Related bill CRS 2018-11-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-11-29 Introduced in Senate IntroReferral 10000 9 Library of Congress P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI N C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2018-11-29 True Taxation Congressional oversight Economic development Government studies and investigations Higher education Income tax exclusion Medical education Student aid and college costs Tax-exempt organizations Taxation 00 2018-11-29 Introduced in Senate 2019-02-19T19:59:53Z Workforce Development Through Post-Graduation Scholarships Act of 2018

This bill amends the Internal Revenue Code 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.

]]> Workforce Development Through Post-Graduation Scholarships Act of 2018 Display Title Workforce Development Through Post-Graduation Scholarships Act of 2018 Official Title as Introduced 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. Introduced in Senate IS Short Titles as Introduced Workforce Development Through Post-Graduation Scholarships Act of 2018 Introduced in Senate 2018-11-29T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3697is/xml/BILLS-115s3697is.xml 2018-11-29 Read twice and referred to the Committee on Finance. 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.