HONOR Our Veterans’ Sacrifice Act

Bill: 116-hr-8748
Sponsor: full_name: Rep. Spanberger, Abigail Davis [D-VA-7]
Introduced: 2020-11-12
Policy area: Education
Subjects: Disability and paralysis

Higher education

Income tax exclusion

Student aid and college costs

Veterans' education, employment, rehabilitation

Veterans' pensions and compensation
Latest action: action_date: 2020-11-12
text: Referred to the House Committee on Education and Labor.

Summaries:
action_date: 2020-11-12
action_desc: Introduced in House
text: <p><b>Honor Our Nation's Oath to Remember Our Veterans' Sacrifice Act or the HONOR Our Veterans' Sacrifice Act</b></p> <p>This bill excludes veterans' noneducation benefits (e.g., disability, death pension, dependency, and indemnity compensation) and veterans' education benefits from consideration as untaxed income and benefits in the need analysis formula. The need analysis formula is used to calculate the expected family contribution for federal student aid applicants.</p> </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 8748 IN THE HOUSE OF REPRESENTATIVES November 12, 2020 Ms. Spanberger (for herself and Mr. Fitzpatrick ) introduced the following bill; which was referred to the Committee on Education and Labor A BILL To amend the Higher Education Act of 1965 by updating the definition of untaxed income and benefits.

1. Short title This Act may be cited as the Honor Our Nation’s Oath to Remember Our Veterans’ Sacrifice Act or the HONOR Our Veterans’ Sacrifice Act . 2. Definition of untaxed income and benefits Section 480(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1087vv(b) ) is amended— (1) in paragraph (1)— (A) by striking subparagraph (C); and (B) by redesignating subparagraphs (D) through (I) as subparagraphs (C) through (J), respectively; and (2) in paragraph (2)— (A) in subparagraph (E), by striking or ; (B) in subparagraph (F), by striking the period and inserting ; or ; and (C) by adding at the end the following: (G) veterans’ benefits such as disability, death pension, dependency, or indemnity compensation, or veterans’ education benefits (as defined in subsection (c)). .