US HB1764 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 28 2017 - 25% progression, died in committee
Action: 2017-03-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Fair Treatment of Scholarships and Pell Grants Act of 2017 This bill amends the Internal Revenue Code to modify the provision which excludes from the gross income of a student any amount that is received as a qualified scholarship used for qualified tuition and related expenses. The bill expands the exclusion to: (1) permit the scholarship to be used for room and board costs for which there is an allowance under the Higher Education Act of 1965; and (2) to specify that "qualified tuition and related expenses" include fees, books, supplies, and equipment required for research at the educational organization. The amount included in qualified tuition and related expenses for research not required for a course of instruction may not exceed $300 per year, adjusted for inflation after 2017.

Tracking Information

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Title

Fair Treatment of Scholarships and Pell Grants Act of 2017

Sponsors


History

DateChamberAction
2017-03-28HouseReferred to the House Committee on Ways and Means.
2017-03-28HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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