118th Congress · SENATE BILLBILL

S. 1757 — Workforce Development Through Post-Graduation Scholarships Act of 2023

“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.”

Taxation

Introduced May 30, 2023

Last action May 30, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 30, 2023

Step 2

Referred

May 30, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill excludes from gross income, for income tax purposes, post-graduation scholarship grants. The bill defines a post-graduation scholarship grant as any grant program that is established by a tax-exempt organization that, among other things, repays a portion of a student's education loan. To be eligible for these grants, a grant recipient must live and work in a community that has a bachelor's degree attainment rate below the state or national average.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

May 30, 2023

Introduced in Senate

May 30, 2023

Read twice and referred to the Committee on Finance.