Workforce Development Through Post-Graduation Scholarships Act of 2019

Summary

Workforce Development Through Post-Graduation Scholarships Act of 201 9 This bill modifies the requirements for calculating taxable income to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded. A "post-graduation scholarship grant" is a grant provided by a program that is established by certain tax-exempt organizations; requires the grantee to live and work in an applicable community that meets certain requirements regarding income, out-migration, and bachelor's degree attainment rates; and under which, in accordance with the conditions of a grant, the organization repays any portion of an education loan incurred by an individual to pay higher education expenses. In implementing this bill, the Department of the Treasury must prescribe specified regulations and meet reporting requirements. The Government Accountability Office must report on the post-graduation scholarship grants covered by this bill.

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Timeline

1. 6 March 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 6 March 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 6 March 2019 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 March 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 March 2019

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 6 March 2019

  Open at official source

Sponsors

• Gary Peters · D · Sponsor
• Shelley Capito · R · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Workforce Development Through Post-Graduation Scholarships Act of 2019