[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3581 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3581

  To amend the Internal Revenue Code of 1986 to exclude Federal Pell 
                       Grants from gross income.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2017

Mr. DeSaulnier 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 exclude Federal Pell 
                       Grants from gross income.

    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 ``Pell Grant Flexibility Act of 
2017''.

SEC. 2. EXCLUSION OF FEDERAL PELL GRANTS FROM GROSS INCOME.

    (a) In General.--Section 117 of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
    ``(e) Federal Pell Grants.--Gross income does not include any 
amount received as a Federal Pell Grant awarded under subpart 1 of part 
A of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070a).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts received in taxable years beginning after December 31, 2016.
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