Sec. 2. Expansion of qualified scholarship exclusion from gross income
131 words·~1 min read·
/bill/113/s/2827/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraph
(1)of section 117(b) of the Internal Revenue Code of 1986 is amended— by striking received by an individual as a scholarship and inserting received by an individual— as a scholarship , by striking the period at the end and inserting a comma, and by adding at the end the following new subparagraphs: through a scholarship or fellowship grant program administered by the Secretary of Education that is based on financial need, including a Federal Pell Grant under section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ), or as an Iraq and Afghanistan Service Grant under section 420R of the Higher Education Act of 1965 (20 U.S.C. 1070h). . The amendments made by this Act shall apply to taxable years beginning after December 31, 2014.
Connectionstraces to 2
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources