118th Congress · SENATE BILLBILL

S. 2920 — Tax-Free Pell Grant Act

“A bill to amend the Internal Revenue Code of 1986 to expand the exclusion of Pell Grants from gross income.”

Taxation

Introduced Sep 26, 2023

Last action Sep 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 26, 2023

Step 2

Referred

Sep 26, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill expands the tax exclusion for qualified scholarships to include an exclusion from gross income for amounts received by an individual taxpayer as a Federal Pell Grant.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 26, 2023

Introduced in Senate

Sep 26, 2023

Read twice and referred to the Committee on Finance.