Sec. 9. Exemption of student incentive payment agreements from gross income
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Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986, as amended by section 3, is further amended by inserting after section 139J the following new section: In the case of an individual who has entered into an agreement described in section 51509 of title 46, United States Code, gross income does not include any student incentive payments made to such individual pursuant to such agreement. . The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986, as amended by section 3, is further amended by inserting after the item relating to section 139J the following new item:
Sec. 139K. Student incentive payment agreements. . The amendments made by this section shall apply with respect to payments made after December 31, 2025.