Pell Grant Flexibility Act of 2016

Bill: 114-hr-5764
Sponsor: full_name: Rep. DeSaulnier, Mark [D-CA-11]
Introduced: 2016-07-13
Policy area: Taxation
Subjects: Higher education

Income tax exclusion

Student aid and college costs
Latest action: action_date: 2016-07-13
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-07-13
action_desc: Introduced in House
text: <p><b>Pell Grant Flexibility Act of 2016</b></p> <p> This bill amends the Internal Revenue Code to exclude from gross income any amount received as a Federal Pell Grant awarded under the Higher Education Act of 1965. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5764 IN THE HOUSE OF REPRESENTATIVES July 13, 2016 Mr. DeSaulnier (for himself, Mr. Zeldin , Mr. MacArthur , and Mr. King of New York ) 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 exclude Federal Pell Grants from gross income.

1. Short title This Act may be cited as the Pell Grant Flexibility Act of 2016 . 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, 2015.