Segal AmeriCorps Education Award Tax Relief Act of 2016

Bill: 114-hr-4949
Sponsor: full_name: Rep. Lewis, John [D-GA-5]
Introduced: 2016-04-14
Policy area: Taxation
Subjects: Higher education

Income tax exclusion

National and community service

Student aid and college costs
Latest action: action_date: 2016-04-14
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-04-14
action_desc: Introduced in House
text: <p><b>Segal AmeriCorps Education Award Tax Relief Act of 2016 </b></p> <p>This bill 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 114th CONGRESS 2d Session H. R. 4949 IN THE HOUSE OF REPRESENTATIVES April 14, 2016 Mr. Lewis 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 2016 . 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.