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Workforce Development Through Post-Graduation Scholarships Act of 2021

12/31/2022, 5:26 AM

Congressional Summary of S 2191

Workforce Development Through Post-Graduation Scholarships Act of 2021

This bill excludes from gross income, for income tax purposes, any amount received by an individual taxpayer as a post-graduation scholarship grant by a tax-exempt charitable organization for the payment of certain education expenses or for the repayment of education loans.

The bill requires reports on the post-graduation scholarship grant program by the Department of the Treasury and the Government Accountability Office.

Current Status of Bill S 2191

Bill S 2191 is currently in the status of Bill Introduced since June 23, 2021. Bill S 2191 was introduced during Congress 117 and was introduced to the Senate on June 23, 2021.  Bill S 2191's most recent activity was Read twice and referred to the Committee on Finance. as of June 23, 2021

Bipartisan Support of Bill S 2191

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2191

Primary Policy Focus

Taxation

Potential Impact Areas

- Congressional oversight
- Economic development
- Government studies and investigations
- Higher education
- Income tax exclusion
- Social work, volunteer service, charitable organizations
- Student aid and college costs
- Tax-exempt organizations

Alternate Title(s) of Bill S 2191

A bill to amend the Internal Revenue Code of 1986 to exclude certain post-graduation scholarship grants from gross income in the same manner as qualified scholarships to promote economic growth.
Workforce Development Through Post-Graduation Scholarships Act of 2021
Workforce Development Through Post-Graduation Scholarships Act of 2021

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