Sec. 1202. Expansion of Pell Grant exclusion from gross income

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(1)of section 117(b) of the Internal Revenue Code of 1986 is amended— by striking the period at the end and inserting , or , by striking received by an individual as a scholarship and inserting the following: received by an individual— as a scholarship , and by adding at the end the following new subparagraph: as a Federal Pell Grant under section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ). . The amendments made by this section shall apply to taxable years beginning after December 31, 2014.

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U.S. Code

Federal Pell Grants: amount and determinations; applications
§ 1070a

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Sec. 1202

Expansion of Pell Grant exclusion from gross income

U.S.C.§ 1070a

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