SB2920: Tax-Free Pell Grant Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to expand the exclusion of Pell Grants from gross income.
Plain-language summary
This bill would change the tax code to let students keep more money from Pell Grants without paying taxes on it. Pell Grants are federal aid given to low-income college students. Currently, students must count some Pell Grant money as income when they file taxes. The bill expands what part of the grant stays tax-free. The bill has been introduced in Congress but has not yet been assigned to a .
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SB2920: Tax-Free Pell Grant Act