H.R.6486 - Workforce Development Through Post-Graduation Scholarships Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. LaHood, Darin [R-IL-18] (Introduced 07/24/2018)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/24/2018 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.6486 — 115th Congress (2017-2018)All Information (Except Text)
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.