Segal AmeriCorps Education Award Tax Relief Act of 2013

Bill: 113-hr-2737
Sponsor: full_name: Rep. Lewis, John [D-GA-5]
Introduced: 2013-07-18
Policy area: Taxation
Subjects: Higher education

Income tax exclusion

National and community service

Student aid and college costs
Latest action: action_date: 2013-07-18
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-07-18
action_desc: Introduced in House
text: <p>Segal AmeriCorps Education Award Tax Relief Act of 2013 - Amends the Internal Revenue Code to exclude from gross income any AmeriCorps educational awards provided under the National and Community Service Act of 1990.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2737 IN THE HOUSE OF REPRESENTATIVES July 18, 2013 Mr. Lewis (for himself, Ms. Norton , Mr. Doggett , Mr. Rangel , Mr. Ellison , Mr. Price of North Carolina , Mr. Grijalva , Ms. Shea-Porter , and Ms. DeLauro ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.

1. Short title This Act may be cited as the Segal AmeriCorps Education Award Tax Relief Act of 2013 . 2. Exclusion from gross income of AmeriCorps educational awards (a) In general Section 117 of the Internal Revenue Code of 1986 (relating to qualified scholarships) 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.