GAP Act

Bill: 116-hr-1842
Sponsor: full_name: Rep. Davis, Rodney [R-IL-13]
Introduced: 2019-03-21
Policy area: Taxation
Subjects: Higher education

Income tax exclusion

Student aid and college costs
Latest action: action_date: 2019-03-21
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-03-21
action_desc: Introduced in House
text: <p><b>Graduate Assistants Parity Act or the GAP Act </b></p> <p>This bill modifies the requirements for calculating taxable income to allow all graduate students who are employees of educational organizations to exclude tuition reductions from gross income. (Under current law, the exclusion for graduate students is limited to teaching and research assistants.) </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 1842 IN THE HOUSE OF REPRESENTATIVES March 21, 2019 Mr. Rodney Davis of Illinois (for himself, Mr. McNerney , Mr. Gonzalez of Texas , and Ms. Wasserman Schultz ) 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 allow graduate students to exclude tuition reductions from gross income.

1. Short title This Act may be cited as the Graduate Assistants Parity Act or as the GAP Act . 2. Exclusion of tuition reductions from gross income of graduate students (a) In general Section 117(d)(2) of the Internal Revenue Code of 1986 is amended by striking (below the graduate level) . (b) Conforming amendment Section 117(d) of such Code is amended by striking paragraph (5). (c) Effective date The amendments made by this section shall apply to amounts received in taxable years beginning after the date of the enactment of this Act.