Summary: H.R.6486 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.6486. Bill summaries are authored by CRS.

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Introduced in House (07/24/2018)

Workforce Development Through Post-Graduation Scholarships Act of 2018

This bill amends the Internal Revenue Code to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded.

A "post-graduation scholarship grant" is a grant provided by a program that: (1) is established by certain tax-exempt organizations; (2) is designed to encourage individuals to serve in occupations of unmet needs or in areas of unmet needs; and (3) under which, in accordance with the conditions of a grant, the organization repays any portion of an education loan incurred by an individual to pay higher education expenses.