Text: S.1667 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in Senate (05/23/2019)


116th CONGRESS
1st Session
S. 1667


To amend the Internal Revenue Code of 1986 to treat certain scholarships as earned income for purposes of the kiddie tax.


IN THE SENATE OF THE UNITED STATES

May 23 (legislative day, May 22), 2019

Mr. Scott of South Carolina (for himself, Ms. Hassan, Mr. Cassidy, Mr. Cramer, Mr. Roberts, Mr. Daines, Ms. Ernst, Ms. Collins, Mr. King, Ms. Sinema, Mr. Jones, Mr. Wyden, Mr. Menendez, Ms. Cortez Masto, Ms. Klobuchar, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To amend the Internal Revenue Code of 1986 to treat certain scholarships as earned income for purposes of the kiddie tax.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Tax Relief for Student Success Act”.

SEC. 2. Certain scholarships treated as earned income for kiddie tax.

(a) In general.—Section 1(g)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:

“(D) TREATMENT OF CERTAIN SCHOLARSHIPS.—For purposes of this subsection, any scholarship or fellowship grant which—

“(i) is received by a child who is a candidate for a degree at an educational organization described in section 170(b)(1)(A)(ii),

“(ii) supports such candidacy, and

“(iii) is included in the gross income of such child,

shall be considered earned income of such child.”.

(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2017.


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