Workforce Development Through Post-Graduation Scholarships Act of 2021

Hozzl · 2022-12-31T05:26:33Z

Explore the details of Senate Bill 2191 Workforce Development Through Post-Graduation Scholarships Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

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