US Congress House Bill 5730 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on July 12 2016 - 25% progression, died in committee
Action: 2016-07-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Fair Treatment of Scholarships Act of 2016 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 2016.

Fair Treatment of Scholarships Act of 2016

Rep. Luke Messer [R-IN]	Rep. Elise Stefanik [R-NY]	Rep. Will Hurd [R-TX]	Sen. Martha McSally [R-AZ]
Rep. Bruce Poliquin [R-ME]

Date	Chamber	Action
2016-07-12	House	Referred to the House Committee on Ways and Means.
2016-07-12	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5730/all-info
Text	https://www.congress.gov/114/bills/hr5730/BILLS-114hr5730ih.pdf