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]
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.
Title
Fair Treatment of Scholarships and Pell Grants Act of 2017
Sponsors
Rep. Luke Messer [R-IN] |
History
Date | Chamber | Action |
---|---|---|
2017-03-28 | House | Referred to the House Committee on Ways and Means. |
2017-03-28 | House | Introduced in House |
Subjects
Higher education
Income tax exclusion
Inflation and prices
Research administration and funding
Student aid and college costs
Taxation
Income tax exclusion
Inflation and prices
Research administration and funding
Student aid and college costs
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/1764/all-info |
Text | https://www.congress.gov/115/bills/hr1764/BILLS-115hr1764ih.pdf |