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Tax Relief for AmeriCorps Education Awards

This act exempts AmeriCorps educational awards from income tax. This means individuals who received these awards for their service will not have to pay tax on them, increasing their real value. These changes apply to tax years ending after the act's enactment date.
Key points
AmeriCorps educational awards will not be included in taxable income.
Individuals repaying student loans with AmeriCorps awards will not pay tax on the discharged amount.
These changes increase the financial benefits for AmeriCorps program participants.
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Additional Information
Print number: 117_HR_3941
Sponsor: Rep. Larson, John B. [D-CT-1]
Process start date: 2021-06-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Segal AmeriCorps Education Award Tax Relief Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3941.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-16.

What are the main provisions?

Key points include:

  • AmeriCorps educational awards will not be included in taxable income.
  • Individuals repaying student loans with AmeriCorps awards will not pay tax on the discharged amount.
  • These changes increase the financial benefits for AmeriCorps program participants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Larson, John B. [D-CT-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Education Benefits