[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4949 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 4949

To amend the Internal Revenue Code of 1986 to provide an exclusion from 
            gross income for AmeriCorps educational awards.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2016

  Mr. Lewis introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide an exclusion from 
            gross income for AmeriCorps educational awards.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Segal AmeriCorps Education Award Tax 
Relief Act of 2016''.

SEC. 2. EXCLUSION FROM GROSS INCOME OF AMERICORPS EDUCATIONAL AWARDS.

    (a) In General.--Section 117 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
    ``(e) AmeriCorps Educational Awards.--Gross income shall not 
include any national service educational award described in subtitle D 
of title I of the National and Community Service Act of 1990 (42 U.S.C. 
12601 et seq.).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years ending after the date of the enactment of this Act.
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