Summary: S.2462 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.2462. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/21/2016)

Make Student Grants Truly Tax-Free Act

This bill amends the Internal Revenue Code to expand the tax exclusion for scholarships to include amounts received: (1) through a scholarship or fellowship grant program administered by the Secretary of Education that is based on financial need, including a Federal Pell Grant; (2) as an Iraq and Afghanistan Service grant under the Higher Education Act of 1965; or (3) as a TEACH Grant under the Higher Education Act of 1965.